1557-AE69 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 a notice of proposed rulemaking that would permit swaps entered into prior to an applicable compliance date (legacy swaps) to retain their legacy status in the event that they are amended to replace an interbank offered rate (IBOR) or other discontinued rate, repeal the inter-affiliate initial margin provisions, introduce an additional compliance date for initial margin requirements, clarify the point in time at which trading documentation must be in place, permit legacy swaps to retain their legacy status in the event that they are amended due to technical amendments, notional reductions, or portfolio compression exercises, and make technical changes to relocate the provision addressing amendments to legacy swaps that are made to comply with the Qualified Financial Contract Rules.

 

]]> Substantive, Nonsignificant First Time Published in The Unified Agenda Final Rule Stage Undetermined No Independent agency 12 CFR 45 7 U.S.C. 6s(e) 12 U.S.C. 1 et seq. 12 U.S.C. 93a 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 NPRM 11/07/2019 84 FR 59970 NPRM Comment Period End 12/09/2019 Final Rule 06/00/2020 No None No No https://www.regulations.gov/docket?D=OCC-2019-0023 https://www.regulations.gov/docket?D=OCC-2019-0023 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