I’ve been working with consultants at JDX, plus my colleague David Ebenezer,\u00a0researching the new regulatory rules on the CFTC & SEC websites (in relation to Dodd Frank), and found ourselves going around in circles when trying to find those relating to the OTC market. It was an incredibly frustrating experience, and even when we located the rules the text of each was embedded in a PDF within the Federal Register format which then took further time to analyse, before you actually got to what you were looking for!.<\/p>\n
We decided this was a problem that needed solving and so embarked on a mission using staff from JDX Consulting (www.jdxconsulting.com<\/a>) to package the rules into a simple-to-use format, and publish them on a website. Examples can be found at our new website:\u00a0\u00a0http:\/\/www.regrulepak.com<\/a><\/p>\n The number of rules which need packaging is sizeable, so myself and David Ebenezer reviewed the full suite and then built an index of those rules (relevant to Dodd Frank) from the SEC and CFTC. As part of this exercise we then made a call as to which we thought should be \u2018in scope\u2019 or \u2018out of scope\u2019 for the packaging process.<\/p>\n It looks like there are just over 100 rules which we\u2019ll package, the others, around 116 at present we will ignore for now \u2013 although we\u2019re open to\u00a0suggestion if you think we should increase those in-scope<\/p>\n We will also track additions and changes to the rules over the coming months and, although the SEC & CFTC believe they will complete their rule making by the end of June, I think many people are sceptical that this timeline will be met. Later this year it is expected that ESMA will also begin issuing rules of a similar nature for Europe, at which point,\u00a0in conjunction with the views of our subscribers\u00a0we will decide whether to also include those rules into this process too.<\/p>\n The final results of our efforts will be published on a site which we will then charge to access, as the effort of monitoring and packaging these rules isn\u2019t trivial.<\/p>\n This service is based on our belief that access to the rules is key for everyone during this time of major change – are we solving a problem that you have? Have you\u00a0tried yourself to access the rules and make sense of them?<\/p>\n If you are interested please get in touch by email or telephone so either David or I can explain the RegRulePak service, and figure out if this idea is useful for you.<\/p>\n Best wishes, David & Bill<\/p>\nWhat do you get?<\/strong><\/h3>\n
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Is this useful for you?<\/h3>\n
Get in touch<\/h3>\n