Jaime Madell

1 month ago | lexology.com | Brad Bondi |Jaime Madell |Renato Mariotti |Michael L.Spafford |Holly Campbell |Maggie DePoy

This week, the CFTC released an Enforcement Advisory setting forth concrete guidelines for self-reporting, cooperation and remediation that will reshape how market participants report and defend potential violations. For years, the CFTC refused to quantify the credit that market participants would receive for self-reporting a violation, cooperating with the commission or remediating potential violations.

Jun 16, 2023 | jdsupra.com | Brad Bondi |Jason Brooks |Jaime Madell

On June 7, 2023, the Securities and Exchange Commissionadopted final rule 9j-1 (“Rule 9j-1”)1 under the Securities Exchange Act of 1934 (the “Act”). Rule 9j-1 is designed to prevent fraud, manipulation, and deception in connection with transacting in, attempting to transact in, purchasing or selling, or inducing or attempting to induce the purchase or sale of any security-based swap (“SBS”).

Jun 1, 2023 | jdsupra.com | Jaime Madell

The International Swaps and Derivatives Association, Inc. ("ISDA") has published a form of amendments to the Notices provision and the alignment of treatment of English law and New York law governed Credit Support Annexes ("CSAs") following the occurrence of an Illegality or Force Majeure Event under the ISDA Master Agreement.