Financial entity definition worries US utilities
Dodd-Frank provision could force some firms to clear derivatives
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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