Financial Markets Regulatory Roundtable: Over-the-Counter Derivatives and Private Fund Provisions of the Financial Regulatory Reform Legislative Proposals Pending in Congress: An Update for Market Participants, Dealers, Funds, and Advisers
399 Park Avenue
New York, NY
In December 2009, the US House of Representatives passed the Wall Street Reform and Consumer Protection Act by a vote of 223-202. The debate on overhauling how the financial services industry is regulated now continues in the US Senate. Two areas facing substantial regulation in the new legislation are over-the-counter (OTC) derivatives and private investment funds. Among the areas we will cover are:
- Registration and regulation for OTC derivative dealers and other major market participants.
- Centralized clearing and exchange trading of derivatives.
- Registration, reporting, and record-keeping requirements for private fund advisers.
- An overview of the House bill's provisions on OTC derivatives and private funds and an update on the current status of the Senate bill.