Broader US person definition could cause clearing avalanche, participants warn

regulation-rockfall

A large number of non-US buy-side firms could suddenly find themselves classified as US persons once a Commodity Futures Trading Commission (CFTC) exemptive order expires on July 12 – requiring them to comply with a host of Dodd-Frank transaction-level requirements.

The expiry of the order could drastically widen the reach of the Dodd-Frank Act and capture a significant number of offshore funds under a new, much broader definition of the term "US person". That could mean those entities, at a

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact customer services - www.fx-markets.com/static/contact-us, or view our subscription options here: https://subscriptions.fx-markets.com/subscribe

You are currently unable to copy this content. Please contact info@fx-markets.com to find out more.

Sorry, our subscription options are not loading right now

Please try again later. Get in touch with our customer services team if this issue persists.

New to FX Markets? View our subscription options

You need to sign in to use this feature. If you don’t have a FX Markets account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an indvidual account here: