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CFTC | RIN: 3038-AD28 | Publication ID: Fall 2013 |
Title: Segregation and Bankruptcy: Protection of Collateral for Uncleared Swaps; Treatment of Securities in a Portfolio Margining Account in a Commodity Broker Bankruptcy | |
Abstract: The staff is considering recommending the Commission finalize rules for uncleared swaps transactions between a swap dealer or major swap participant and a counterparty that would govern the segregation of assets posted as collateral by the counterparty and rules thereunder. The Commission would also finalize proposed rule revisions to ensure that, for purposes of subchapter IV of chapter 7 of the Bankruptcy Code, securities held in a portfolio margining account constitute "customer property" and owners of such accounts constitute "customers." | |
Agency: Commodity Futures Trading Commission(CFTC) | Priority: Other Significant |
RIN Status: Previously published in the Unified Agenda | Agenda Stage of Rulemaking: Final Rule Stage |
Major: No | Unfunded Mandates: No |
CFR Citation: 17 CFR 23 17 CFR 190 | |
Legal Authority: secs 713(c) and 724 of PL 111-203, 124 Stat 1376 |
Legal Deadline:
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Timetable:
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Regulatory Flexibility Analysis Required: No | Government Levels Affected: None |
Small Entities Affected: No | Federalism: No |
Included in the Regulatory Plan: No | |
RIN Data Printed in the FR: No | |
Agency Contact: Robert B. Wasserman Chief Counsel, Division of Clearing and Risk Commodity Futures Trading Commission Three Lafayette Centre, 1155 21st Street, NW., Washington, DC 20581 Phone:202 418-5092 Email: rwasserman@cftc.gov |