Financial entity definition worries US utilities
US utilities fret their trading units could be classified as financial entities under Dodd-Frank, forcing them to clear all their OTC derivatives and face other regulatory requirements
US utilities fear being saddled with additional regulatory requirements due to their subsidiaries being classified as 'financial entities' under the US Dodd-Frank Act, even though those subsidiaries are primarily focused on physical activities.
Under rules drawn up by the US Commodity Futures Trading Commission (CFTC), companies that are categorised as financial entities face a number of additional requirements that non-financial end-users do not need to worry about. Yet lawyers for energy
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