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<nobr>Feb 22, 2011</nobr>
ERIC Urges Agencies to Clarify that Proposed Rules Do Not Inadvertently Limit Employee Benefit Plans Use of Swap Transactions
The ERISA Industry Committee (ERIC) on February 22 submitted comments to the Commodity Futures Trading Commission (CFTC) and Securities and Exchange Commission (SEC) on proposed rules defining "major swap participant" and "major security-based swap participant" under the Dodd-Frank Wall Street Reform and Consumer Protection Act. The CFTC and SEC issued the proposed rules on December 21, 2010.
ERIC's comment letter can be accessed by clicking the link below:
http://www.eric.org/forms/uploadFiles/2747C00000473.filename.ERIC_Comments_on_MSP_Definition.pdf
ERIC also submitted a separate comment letter to the CFTC on the proposed business conduct standards for swap dealers and major swap participants dealing with Special Entities under the Dodd-Frank Act. These proposed rules were published in the Federal Register on December 22, 2010.
ERIC's comment letter can be accessed by clicking this link below:
http://www.eric.org/forms/uploadFiles/2747B0000007F.filename.ERIC_Comments_on_Business_Conduct_Standards.pdf
A related press release can be accessed by clicking this link:
http://www.eric.org/forms/documents/DocumentFormPublic/view?id=2747C00000472
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For more information:
Ted Godbout
Director, Communications
The ERISA Industry Committee
1400 L Street, NW, Suite 350
Washington, DC 20005
Phone: (202) 789-1400
tgodbout@eric.org
www.eric.org
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The ERISA Industry Committee (ERIC) is a non-profit association committed to representing the advancement of the employee retirement, health, and compensation plans of America's largest employers. ERIC's members provide benchmark retirement, health care coverage, compensation, and other economic security benefits directly to tens of millions of active and retired workers and their families. ERIC has a strong interest in proposals affecting its members' ability to deliver those benefits, their cost and their effectiveness, as well as the role of those benefits in the American economy.
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