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CFTC RIN: 3038-AE20 Publication ID: Spring 2016 
Title: Clearing Requirement 
Abstract:

The Commodity Futures Trading Commission (Commission) would propose to amend regulation 50.4 to expand the swap clearing requirement under section 2(h)(1)(A) of the Commodity Exchange Act (CEA), which was enacted under title VII of the Dodd-Frank Wall Street Reform and Consumer Protection Act of 2010.  The proposal would require certain swaps to be cleared either by a Commission-registered derivatives clearing organization (DCO) or a DCO that is exempt from registration under the CEA.  The Commission believes that an expansion of the clearing requirement would be warranted pursuant to the five factors described in section 2(h)(2)(D) of the CEA and that the benefits of such a clearing requirement would include reducing counterparty credit risk and systemic risk.

 
Agency: Commodity Futures Trading Commission(CFTC)  Priority: Other Significant 
RIN Status: Previously published in the Unified Agenda Agenda Stage of Rulemaking: Proposed Rule Stage 
Major: Yes  Unfunded Mandates: No 
EO 13771 Designation: uncollected 
CFR Citation: 17 CFR 50   
Legal Authority: 7 U.S.C. 2(h), 7 U.S.C. 7(a)(1)   
Legal Deadline:  None
Timetable:
Action Date FR Cite
NPRM  05/00/2016 
Regulatory Flexibility Analysis Required: No  Government Levels Affected: None 
Federalism: No 
Included in the Regulatory Plan: No 
RIN Data Printed in the FR: No 
Agency Contact:
Peter Kals
Special Counsel, Division of Clearing and Risk
Commodity Futures Trading Commission
Three Lafayette Centre, 1155 21st Street, NW.,
Washington, DC 20581
Phone:202 418-5466
Email: pkals@cftc.gov