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Schiff Hardin LLP Securities and Futures Regulation Group Legislative Update

House of Representatives Passes OTC Derivatives Legislation

On December 11, 2009, the House of Representatives passed a bill that would adopt sweeping changes to how the markets for over-the-counter ("OTC") derivatives, and the participants in those markets, would be regulated in this country. The proposed legislation contains provisions addressing (a) which agencies should regulate OTC derivatives, (b) how the OTC derivatives markets should be regulated, (c) how participants in the OTC derivatives markets should be regulated, and (d) how smaller users of derivatives should be protected.

Schiff Hardin's Securities and Futures Regulation Group has prepared a summary of this legislation.

Click here for a printable version of the summary (PDF).

For questions regarding the topics addressed in this Legislative Update, please contact any of the attorneys in Schiff Hardin's Securities and Futures Regulation Group.

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