Energy firms demand more clarity on Dodd-Frank reforms
Energy companies say key definitions in recently adopted US financial legislation are too broad or need clarifying, and call for additional 'trader' classification
A group of energy companies, including BP North America, Vitol and Constellation Energy have warned the US Commodity Futures Trading Commission (CFTC) about unintended consequences arising from major definitions under new derivatives legislation.
The companies, which state their primary activity is the physical delivery of commodities, met with the CFTC on August 25 to discuss the implementation of the Dodd-Frank Wall Street Reform and Consumer Protection Act.
The 13-strong group, which also
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