CFTC Reauthorization Act of 2008
The CFTC Reauthorization Act of 2008 is an act that passed Congress in early 2008 as part of the Farm Bill. It adopted the Commission’s recommendations to expand the CFTC’s regulatory authority over Exempt Commercial Markets (ECM)s.
Specifically, the CFTC Reauthorization Act of 2008 significantly expanded the CFTC’s regulatory authority over ECMs by creating a new regulatory category - ECMs - with Significant Price Discovery Contracts (SPDCs) — and subjecting the electronic trading facilities to additional regulatory and reporting requirements.
- Press Release. CFTC.