Julian E Hammar

Julian Hammar is special counsel in the Washington, DC office and practices in the firm’s corporate, securities, and energy regulation groups. Prior to joining Covington, Mr. Hammar was Assistant General Counsel at the Commodity Futures Trading Commission (“CFTC”), Office of the General Counsel. During his thirteen years at the CFTC, Mr. Hammar most recently drafted regulations to further define key terms including “swap,” “security-based swap,” and “security-based swap agreement,” under the Dodd-Frank Wall Street Reform and Consumer Protection Act (“Dodd-Frank Act”). He also assisted in drafting other Dodd-Frank Act regulations, including the Entity Definitions (rules to further define such terms as “swap dealer,” “major swap participant,” and “eligible contract participant”), commodity options, and the Volcker Rule. In addition to rulemaking, Mr. Hammar was a member of the CFTC’s legislative drafting team that drafted the derivatives title of the Administration’s legislative proposal for derivatives regulation that eventually was enacted into law as Title VII of the Dodd Frank Act. Mr. Hammar’s other CFTC experience outside of Dodd-Frank Act regulation includes complex matters involving the intersection of securities and futures regulation, including the drafting of CFTC exemptive orders with respect to products on certain exchange-traded funds and joint CFTC/SEC orders excluding certain indexes from the definition of “narrow based security index” and modifying listing standard requirements for security futures products. Mr. Hammar also has drafted CFTC adjudicatory opinions in administrative enforcement and reparations cases under the Commodity Exchange Act. Mr. Hammar’s bankruptcy experience obtained while at the CFTC involves futures commission merchant bankruptcies, applicable Bankruptcy Code provisions and CFTC bankruptcy regulations. PREVIOUS EXPERIENCE Commodity Futures Trading Commission, Office of the General Counsel, Assistant General Counsel Social Security Administration, Office of Hearings & Appeals, Attorney-Advisor HONORS AND RANKINGS Chairman’s Exceptional Service Award (CFTC 2012) PUBLICATIONS AND SPEECHES "CFTC Issues Final Cross-Border Exemptive Order and Proposed Further Guidance Regarding Cross-border Application of Dodd-Frank Swap Provisions," Covington E-Alert (1/2/2013), Co-Author "Exemptions and No-Action Relief Help Funds Navigate Year-End CFTC Registration Requirements," Covington E-Alert (12/19/2012), Co-Author