The U.S. Commodity Futures Trading Commission, already fighting lawsuits challenging the economic basis for two rules, may release a proposal for cross-border derivatives oversight that won't require analysis of its costs.

The CFTC is preparing so-called interpretive guidance on the international reach of Dodd-Frank Act rules that may be proposed at a June 21 meeting, according to two people who requested anonymity because the schedule isn't public.

Releasing guidelines rather than proposing rules to govern trading at banks including Goldman Sachs Group Inc., JPMorgan Chase & Co. and Morgan Stanley would mean the agency doesn't have to do cost-benefit analysis. Financial-industry lawsuits alleging flawed analysis have slowed Dodd-Frank rulemaking.

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