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August 26, 2011

U.S. CFTC plans Sept vote on Dodd-Frank compliance

The U.S. futures regulator expects to vote next month on a pair of proposals that would outline when the market would have to comply with new steps
designed to bring more oversight to the multi-trillion-dollar swaps market, the chairman of the agency said on Thursday.

Gary Gensler, head of the Commodity Futures Trading Commission, said the proposals would allow the public to comment on a timetable for when the industry must comply with new Dodd-Frank rules for swap clearing and trading, internal business documentation and margin rules for uncleared swaps.

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