CFTC's Chilton Seeks Enforcement Delay on Swaps Rules

End users should get 6 months before sanctions are imposed, commissioner says.

The U.S. Commodity Futures Trading Commission should refrain from sanctioning so-called end-users of swaps for six months while the agency seeks to clarify its Dodd-Frank Act rules, Commissioner Bart Chilton said today.

Commercial and energy companies deserve a more transparent rulemaking process that provides greater certainty, Chilton said in comments prepared for a telephone news conference to propose what he called an End-User Bill of Rights.

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