London, 2 September 2010

A group of U.S. energy companies is pressing the U.S. futures regulator for guidance on how they can apply for a temporary exemption from new rules that will regulate over-the counter derivatives trading.

The Working Group of Commercial Energy Firms, which includes utilities, marketers and energy producers, petitioned the Commodity Futures Trading Commission for details on how the agency plans to handle the issue.

"Expedited action by the Commission at this time is critical," wrote the group's representative, Michael Sweeney, a lawyer with Hunton & Williams, in a letter to the CFTC last week that was posted on CFTC's site on Wednesday. CFTC proposal to gather more data a burden - FIA

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