Extended Timeframe for Firms to Address CFTC Enforcement Notices

The regulatory body overseeing derivatives in the United States is extending the period allowed for businesses to mount their defense in face of enforcement proceedings.

Adjustment in Response Duration

Caroline Pham, the Acting Chair of the Commodity Futures Trading Commission (CFTC), announced changes to the agency’s protocols. Firms or individuals now have 30 days to react to official notices of enforcement, a shift from the previous window of two weeks.