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CFTC | RIN: 3038-AE89 | Publication ID: Spring 2020 |
Title: ●Margin Requirements for Uncleared Swaps for Swap Dealers and Major Swap Participants | |
Abstract:
The Commodity Futures Trading Commission has proposed an amendment to the margin requirements for uncleared swaps for swap dealers and major swap participants for which there is no prudential regulator (the CFTC Margin Rule). As adopted in 2016, the CFTC Margin Rule, which mandates the collection and posting of variation margin and initial margin (IM), takes effect under a phased compliance schedule extending from September 1, 2016 to September 1, 2020. The proposed amendment would extend the compliance schedule to September 1, 2021 and introduce an additional compliance date for the collection and posting of IM.
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Agency: Commodity Futures Trading Commission(CFTC) | Priority: Other Significant |
RIN Status: First time 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 and 2(i) 7 U.S.C. 6 7 U.S.C. 6a to 6b-1 7 U.S.C. 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 and 19 7 U.S.C. 21 |
Legal Deadline:
None |
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Timetable:
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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: 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 |