Welcome to McDermott’s Energy Business Law Blog
Welcome to McDermott’s Energy Business Law Blog. Our objective in this forum is to provide our readers with insights into the evolving regulatory, business, tax and legal issues affecting the U.S. and...
View ArticleElectricity Industry May Escape Regulation Under New Swaps Rule
by Ari Peskoe In a joint-rulemaking finalized last month, the Commodities Future Trading Commission (CFTC) and the Securities Exchange Commission (SEC) declined to adopt specific exemptions for the...
View ArticleICE Announces Conversion of Cleared OTC Energy Products to Futures
by Ari Peskoe IntercontinentalExchange (ICE) announced June 30 that it will convert all of its cleared over-the-counter (OTC) derivative products listed on its OTC energy market to futures. Cleared...
View ArticleSEC Shines Light on Resource Extractor Payments
by Obiamaka P. Madubuko and James M. Commons On August 22, 2012, the U.S. Securities and Exchange Commission (SEC) issued final rules on Section 1504 of the Dodd-Frank Act, which requires resource...
View ArticleD.C. District Court Rejects CFTC’s Position Limits Rule
by Ari Peskoe and William Friedman The Commodity Futures Trading Commission (CFTC) has met resistance in its attempt to implement parts of the Dodd-Frank financial reform less than two weeks before...
View ArticleFERC General Counsel Argues Applying Dodd-Frank Regulations to RTO/ISO...
by Elizabeth P. Philpott The Federal Energy Regulatory Commission (FERC) General Counsel recently argued to the Commodity Futures Trading Commission (CFTC) that “[a]pplying Dodd-Frank swap regulations...
View ArticleCFTC’s Dodd-Frank Rulemaking: Still a Work in Progress
by Robert Lamkin The Dodd-Frank Act was signed into law more than two years ago, but the energy industry remains mired in uncertainty as the U.S. Commodity Futures Trading Commission (CFTC) continues...
View ArticleEuropean Parliament Endorses EMIR Technical Standards
by Simone Goligorsky On February 7, 2013, it was announced that the Economic and Monetary Affairs (ECON) Committee of the European Parliament (EP) was withdrawing its objection to the technical...
View ArticleTransatlantic Derivatives Consensus: Landmark Step for EC/US Cooperation
by Simone Goligorsky and David McDonnell On 11 July 2013, the European Commission (EC) and the United States Commodity Futures Trading Commission (CFTC) announced a high-level joint understanding,...
View ArticleEnergy Regulators FERC, CFTC Finally Reach Proactive Understanding on...
Primary regulators of energy transactions, the Federal Energy Regulatory and Commodity Futures Trading Commissions (FERC, CFTC or jointly Participating Agencies) began the new year by entering on...
View ArticleCFTC Proposes Reversing Course, Granting Private Right of Action in Energy...
Last week the Commodity Futures Trading Commission (CFTC) issued a notice of proposed order and request for comment proposing to allow a private right of action to enforce violations of the...
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