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CFTC RIN: 3038-AE33 Publication ID: Fall 2020 
Title: Swap Clearing Requirement Exemptions 
Abstract:

The Commodity Futures Trading Commission ("Commission") has proposed amendments to the regulations governing which swaps are exempt from the clearing requirement set forth in the Commodity Exchange Act. The proposed amendments address the treatment of swaps entered into by certain central banks, sovereign entities, and international financial institutions. The Commission also issued a supplemental notice of proposed rulemaking to further propose amendments to exempt from required clearing swaps entered into by certain bank holding companies, savings and loan holding companies, and community development financial institutions. Lastly, the Commission proposed to publish a compliance schedule setting forth all the past compliance dates for the 2012 and 2016 swap clearing requirement regulations and to make certain other, non-substantive technical amendments to the relevant part of its regulations.

 
Agency: Commodity Futures Trading Commission(CFTC)  Priority: Substantive, Nonsignificant 
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 50   
Legal Authority: 7 U.S.C. 2(h)    7 U.S.C. 6(c)    7 U.S.C. 7a-1   
Legal Deadline:  None
Timetable:
Action Date FR Cite
NPRM  08/29/2018  83 FR 44001   
NPRM Comment Period End  10/29/2018 
NPRM; Supplemental NPRM  05/12/2020  85 FR 27955   
NPRM; Supplemental NPRM Comment End  07/13/2020 
Final Rule  12/00/2020 
Final Rule Effective  02/00/2021 
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:
Sarah E. Josephson
Deputy Director, International and Domestic Clearing Initiatives, Division of Clearing and Risk
Commodity Futures Trading Commission
Three Lafayette Centre, 1155 21st Street NW,
Washington, DC 20581
Phone:202 418-5684
Email: sjosephson@cftc.gov