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Enron Mail |
Hi Sara
Can you shed any light on the issues below? Martin ---------------------- Forwarded by Martin Rosell/OSL/ECT on 27/03/2001 16:56 --------------------------- Martin Rosell 18/03/2001 16:58 To: Elizabeth Sager/HOU/ECT@ECT cc: Subject: Commodity Futures Modernization Act Elisabeth: I read an article in a law magazine about the captioned Act and it was, among other things, stated therein that CFTC under the Act had been deprived of its jurisdiction over swaps (other than those related to agricultural products) made by eligible contracts participants. Since the Oslo office trades through ECTRIC, I wonder whether this new piece of legislation has an impact on our standard reps relating to the "trade options exemption" and as to the parties being "eligible swap participants" (are they still required)? Is there any internal memo yet prepared on the Act and its implications? Martin
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