Scott O’Malia, commissioner of the Commodity Futures Trading Commission is urging the agency to issue a schedule outlining the order of Dodd-Frank Act rules to be proposed and an implementation timeline for all the rules under consideration. In a statement, the commissioner said the CFTC rules have not been released in any particular order which contributes to regulatory uncertainty among market participants.
“Our rules have not been released in any particular order, which contributes to regulatory uncertainty. Every market participant and foreign regulator I have spoken with asks about our schedule. I am certain that more transparency into scheduling and implementation will accelerate compliance. Our current opacity contributes to confusion and delay,” he said in his keynote address today before the participants at the Edison Electric Institute, CFTC-Dodd Frank Compliance Forum.
