The document discusses regulatory changes in OTC derivatives markets, including requirements for execution on regulated exchanges, real-time reporting, enhanced documentation, and margin requirements. It highlights potential impacts on costs, exposure, liquidity, and investment returns for funds like the Underlying Fund and Access Fund. The document also covers position limits under the Dodd-Frank Act and the CFTC's authority to impose limits on derivatives positions.
doj/DataSet10/EFTA01390129.pdf
{"key_people":["Ian Slome"],"document_type":"correspondence","key_locations":["European Union","Japan"],"document_subtype":"memo","key_organizations":["CFTC","Glendower","Underlying Fund","Access Fund"],"reference_numbers":["GLDUS138"]}