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CFTC RIN: 3038-AE77 Publication ID: Spring 2020 
Title: Margin Requirements for Uncleared Swaps for SD and MSPs; Excluding European Stability Mechanism From Margin Requirements and Initial Margin Requirements Using the Standardized Table 
Abstract:

The Commission proposed to amend its regulations to add the European Stability Mechanism to the list of entities that are excluded from the requirement to exchange initial and variation margin with a swap dealer or major swap participant for uncleared swap transactions.

 
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: Undetermined  Unfunded Mandates: No 
EO 13771 Designation: Independent agency 
CFR Citation: 17 CFR 23   
Legal Authority: 7 U.S.C. 1a    7 U.S.C. 2    7 U.S.C. 6 to 6c    7 U.S.C. 6p    7 U.S.C. 6r to 6t    7 U.S.C. 9 and 9a    7 U.S.C. 12 and 12a    7 U.S.C. 13b and 13c    7 U.S.C. 16a    7 U.S.C. 18    7 U.S.C. 19    7 U.S.C. 21   
Legal Deadline:  None
Timetable:
Action Date FR Cite
NPRM  10/22/2019  84 FR 56392   
NPRM Comment Period End  12/23/2019 
Final Rule  06/00/2020 
Final Rule Effective  07/00/2020 
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:
Warren Gorlick
Associate Director, Market Participants Division
Commodity Futures Trading Commission
Three Lafayette Centre, 1155 21st Street NW,
Washington, DC 20581
Phone:202 418-5195
Email: wgorlick@cftc.gov

Carmen Moncada-Terry
Special Counsel, Market Participants Division
Commodity Futures Trading Commission
Three Lafayette Centre, 1155 21st Street NW,
Washington, DC 20581
Phone:202 418-5795
Email: cmoncadaterry@cftc.gov

Rafael Martinez
Senior Financial Risk Analyst, Division of Swap Dealer and Intermediary Oversight
Commodity Futures Trading Commission
Three Lafayette Centre, 1155 21st Street NW,
Washington, DC 20581
Phone:202 418-5462
Email: rmartinez@cftc.gov