The Commodity Futures Trading Commission (CFTC) is seeking to roll out a plan to deal with a July 16 deadline for swaps rules, Reuters reports. The new rules, including position limits and swaps reporting requirements, will not take effect until after the CFTC finalizes the regulations, adds Platts.

The new financial reform rules, which were written into law in the Dodd-Frank Act and will take effect on July 16, have not yet been formally defined by the CFTC. The new rules will be open to a public comment period and then take effect if commissioners approve the proposal following the comment period.

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