1557-AE61 202004 Unified Agenda of Federal Regulatory and Deregulatory Actions 1557 Comptroller of the Currency OCC 1500 Department of the Treasury TREAS Margin and Capital Requirements for Covered Swap Entities

The OCC, FRB, FDIC, FCA, and FHFA issued an interim final rule amending their regulations that require swap dealers and security-based swap dealers under the Agencies’ respective jurisdictions to exchange margin with their counterparties for swaps that are not centrally cleared (Swap Margin Rule).  The Swap Margin Rule takes effect under a phased compliance schedule stretching from 2016 through 2020, and the dealers covered by the rule continue to hold swaps in their portfolios that were entered into before the effective dates of the rule.  These swaps are grandfathered from the Swap Margin Rule’s requirements until they expire according to their terms.  The interim final rule allows grandfathered swaps to be transferred out of the UK in anticipation of Brexit. 

]]> Substantive, Nonsignificant Previously Published in The Unified Agenda Final Rule Stage No No Independent agency 12 CFR 45 7 U.S.C. 6s(e) 12 U.S.C. 1 et seq. 12 U.S.C. 161 12 U.S.C. 481 12 U.S.C. 1818 12 U.S.C. 3907 12 U.S.C. 3909 12 U.S.C. 5412(b)(2)(B) 15 U.S.C. 78o-10(e) No Interim Final Rule 03/19/2019 84 FR 9940 Interim Final Rule Effective 03/19/2019 Interim Final Rule Comment Period End 04/18/2019 Final Rule 06/00/2020 No None No No https://www.regulations.gov/docket?D=OCC-2019-0002 https://www.regulations.gov/docket?D=OCC-2019-0002 No No Jamey Basham Assistant Director 1557 Comptroller of the Currency OCC 202 649-6277 james.basham@occ.treas.gov Chief Counsel's Office, 400 7th Street SW., Washington DC 20219 Allison Hester-Haddad Special Counsel 1557 Comptroller of the Currency OCC 202 649-7810 allison.hester-haddad@occ.treas.gov Chief Counsel's Office, 400 7th Street SW, Washington DC 20219