Jenner & Block Partner Vincent E. Lazar served as co-chair of the American Bar Association’s Joint Part 190 Rules Subcommittee, a group of lawyers, market participants and regulators who worked to rewrite the Commodity Futures Trading Commission regulations governing commodity broker bankruptcy cases.
The ABA subcommittee started its work in 2015, formally submitted a new set of proposed rules to the CFTC in 2017, and continued to work with the CFTC thereafter to refine the proposal. On April 14, 2020, the full commission unanimously approved the proposed rules for public comment, with final approval slated for later this summer. Several commissioners and CFTC leadership recognized the pro bono work of the ABA subcommittee at the April 14 public commission meeting.
To learn more, see the CFTC’s press release here.