What is the purpose of the CFTC?

CFTC Overview The mission of the Commodity Futures Trading Commission is to promote the integrity, resilience, and vibrancy of the U.S. derivatives markets through sound regulation.

What swaps does the CFTC regulate?

The Commissions confirmed that foreign currency options (other than those traded on a national securities exchange), non-deliverable forward contracts involving foreign exchange, currency swaps, cross-currency swaps and forward rate agreements are swaps and subject to the CFTC jurisdiction.

Does the SEC regulate commodities?

Metals, grains, and other food, as well as financial instruments, including U.S. and foreign currencies, are traded in the futures market. The SEC does not regulate commodity futures. The Commodity Futures Trading Commission (CFTC) is the federal agency that regulates futures trading.

What is SEC CFTC?

The Securities and Exchange Commission and Commodity Futures Trading Commission established the Joint CFTC-SEC Advisory Committee on Emerging Regulatory Issues to develop recommendations on emerging and ongoing issues relating to both agencies.

Who runs the CFTC?

The Commodity Exchange Act (CEA), 7 U.S.C….Commodity Futures Trading Commission.

What power does the SEC have?

The SEC has a three-part mission: to protect investors; maintain fair, orderly, and efficient markets; and facilitate capital formation.

Does the CFTC regulate forwards?

Forwards traded on regulated venues remain subject to all applicable Commodity Exchange Act requirements. Finally, the exclusion of FX Swaps and FX Forwards from the definition of swap does not affect the jurisdiction of the CFTC over retail foreign exchange transactions.

Does the SEC have jurisdiction over interest rate swaps?

Under the comprehensive framework for regulating swaps and security-based swaps established in Title VII, the CFTC is given regulatory authority over swaps, the SEC is given regulatory authority over security-based swaps, and the Commissions jointly are to prescribe such regulations regarding mixed swaps as may be …

What is the difference between a security and an equity?

Equity refers to a form of ownership held in a firm, either by investing capital or purchasing shares in the company. Securities, on the other hand, represent a broader set of financial assets such as bank notes, bonds, stocks, futures, forwards, options, swaps etc.

What is the difference between securities and commodities?

A security is a financial instrument, but a commodity is not a security. A security is a financial instrument, but a commodity is not a security. Just like a commodity, a security too has a monetary value, but unlike a commodity, a security is not traded between just two parties.

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