This website uses cookies

This website uses cookies to ensure you get the best experience. By using our website, you agree to our Privacy Policy

International In-house Counsel Journal logoInternational In-house Counsel Journal logo
Back to library search

Redrawing the Boundaries: Dodd-Frank's Impact on the Regulatory Framework of the Energy Market

February 2012
RegulationEnergy

Abstract

On July 21, 2010, President Obama signed the Dodd-Frank Wall Street Reform and Consumer Protection Act (“Dodd-Frank”) into law. Title VII of Dodd-Frank establishes a new regulatory framework for over-the-counter derivatives; it specifically provides that the Commodity Futures Trading Commission (“CFTC”) will regulate “swaps,” “swap dealers,” “major swap participants,” “swap execution facilities,” “swap data repositories” and specifies that the CFTC shall take part in further defining such terms. Traditionally, under the current Commodity Exchange Act (“CEA”), the CFTC has regulated “futures,” options and options on futures which, with the new Dodd-Frank legislation, give the CFTC jurisdiction to regulate the full spectrum of commodity derivatives. Congress created the CFTC in 1974 as an independent agency designed to regulate the commodity futures and options on futures markets in the United States, and its stated mission is to protect the integrity of the markets and market users and the public from fraud, manipulation, and systemic risk related to derivatives subject to the CEA.

Authors

Portrait image of Andreas Gustafsson
Andreas Gustafsson
Senior Advisor, Nasdaq, Sweden

Andreas Gutafsson has studied Law and Business at the University of Uppsala. He started his career as a Legal Counsel with the Swedish Supervisory Authority where he held positions within the legal department for investment firms and the supervisory department for marketplaces. During his time with the Swedish FSA he participated in working groups within the EU supervisory authorities and regulatory bodies and the Swedish Ministry of Finance and was seconded to the UK FSA within the Policy Unit of the marketplace department. During that time, he was also a member of the Swedish governmental implementation group for MiFID II. Since 2005 he has been employed by Nasdaq where he has held various positions: VP and Head of Nordic & Baltic Legal, including a secondment to the Washington DC office, Chief Counsel Europe, and most recently Senior Vice President and General Counsel Europe, leading a team of approximately 100 lawyers, compliance officers and surveillance employees, as well as governmental relations. He is a Member of CityUK´s International Regulatory Strategy Group, the Corporate Governance Code group in Sweden and was a Member of ESMA´s Securities and Markets Stakeholders Group during 2019 and 2020.

Companies

Nasdaq Omx

NASDAQ OMX ,

Nasdaq logo

Nasdaq

.

Related Papers

“The US innovates, China replicates, Europe regulates” What is the role of general counsel in this scenario?
The US innovates, China replicates, and the EU regulates is a punchline in the policy debate; but beyond whether it is true or not there is certainly a tendency in...Read more
Portrait image of Alfonso Levote
Alfonso Levote
General Consel & Investor Relations, Rosetti Marino S.p.A., Italy
An Overview of the Legal and Regulatory Framework for Renewable Energy and Cleantech in Nigeria
Despite having good solar irradiation, and other renewable energy resources, Nigeria continues to suffer power outages owing to, amongst others, inadequate generation, and distribution capacity. Nigeria has formulated several policies...Read more
Portrait image of Chukwunonso  Onwuzu
Chukwunonso Onwuzu
Legal Attorney , Oando Energy Resources Inc., Nigeria
Portrait image of Adebisi Sanda
Adebisi Sanda
Governance Manager, Oando Energy Resources Inc., Nigeria
Interpretation of the Principle of Stability Applicable to the Terms Governing Subsoil Use in the Context of Legislation of the Republic of Kazakhstan
On December 27, 2017, the President of the Republic of Kazakhstan signed the Code on Subsoil and Subsoil Use (hereinafter - the Code). According to the transitional period provisions, the...Read more
Portrait image of Nurzhan Kakimov
Nurzhan Kakimov
First Level Lawyer, Karachaganak Petroleum Operating B.V. , Kazakhstan
The Effect of Multiple Regulatory Regimes on the Nigerian Petroleum Industry
Attention is usually focused on the legal and institutional frameworks for environmental management in Nigeria's oil industry. This area of environmental management is one in which the oil industry is...Read more
Portrait image of Amid Adekunle
Amid Adekunle
Advisor: Regulatory Affairs Management, Chevron, Nigeria