Energy agencies have agreed to co-operate, but jurisdictional lines remain blurred
On 2 January 2014, the Federal Energy Regulatory Commission (FERC) and the Commodity Futures Trading Commission (CFTC) signed two memoranda of understanding (MoUs), as required by the Dodd-Frank Wall Street Reform and Consumer Protection Act.
The two MoUs provide guidelines for the two agencies to share information related to energy markets. The purpose of the MoUs is to promote efficient regulation of energy markets where FERC and CFTC have overlapping jurisdiction.
The two MoUs include a jurisdiction MoU and an updated information sharing MoU. The jurisdiction MoU provides a process by which the agencies will notify each other of activities that may involve overlapping jurisdiction. It also establishes a process to resolve disputes between the agencies over jurisdictional matters…
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