6/11/2013

The Futures Industry Association, the International Swaps and Derivatives Association and the Securities Industry and Financial Markets Association are among six organizations that asked the Commodity Futures Trading Commission to grant a six-month extension on an exemption for cross-border swaps rules that would expire July 12. "The premature replacement of the Exemptive Order with final cross-border guidance, could jeopardise the productive and cooperative efforts underway towards meeting G-20 commitments on an international basis," the groups' letter says.

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