Buy-Side Associations Submit Requests to Treasury on Foreign Exchange Swaps and Forwards

MFA jointly with several other buy-side trade associations (the “Associations”), sent Treasury Secretary Geithner a letter requesting that he make a final determination by October 12, 2012 with respect to its proposal to exempt foreign exchange swaps and foreign exchange forwards (“FX Products”) from swaps regulation.  Starting October 12, certain CFTC registration requirements become effective.  Alternatively, the Associations request that the Treasury issue an interim final determination to address the immediate needs of market participants to prepare for the new swaps regime.

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