CFTC rules tipped to spark buy/sellside tensions

Tensions between buy- and sell-side firms in Asia are tipped to rise in the coming months, as swap dealers, such as prime brokers, will soon be obliged to determine whether their clients are US persons under incoming rules. According to a provision added to Dodd-Frank rules by the US Commodity Futures Trading Commission (CFTC) in mid-July, a non-US hedge fund will be considered a US person if the majority of its investor base comprises either permanent US residents or institutions…