The US futures regulator has been criticised for putting out late announcements and no-action letters
US lawmakers have launched a bill that will reform the
Commodity Futures Trading Commission (CFTC) to address concerns
over unexpected regulatory announcements writes Joe
The chairman and members of the House Agriculture Committee
have proposed the 'Customer Protection and End-User Relief
Act’, which will see a reauthorisation of the US
derivatives watchdog in order to make it more efficient.
The legislation comes amid complaints from end users that
last-minute rulemakings and no-action letters from the CFTC
have hampered performance and hurt profits.
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