ISDA, the Futures Industry Association and the Securities Industry and Financial Markets Association are among six organizations that have asked the Commodity Futures Trading Commission to grant a six-month extension on an exemption for cross-border swaps rules that expires July 12. "[T]he premature replacement of the Exemptive Order with final cross-border guidance, could jeopardize the productive and cooperative efforts underway towards meeting [Group of 20] commitments on an international basis," the groups' letter says.

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