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CFTC RIN: 3038-AF18 Publication ID: Spring 2022 
Title: ●Swap Clearing Requirement To Account for the Transition From LIBOR and Other IBORs to Alternative Reference Rates 
Abstract:

The Commodity Futures Trading Commission ("Commission") has requested information and public comment on how the Commission could amend its swap clearing requirement to address the cessation of certain interbank offered rates (e.g., the London Interbank Offered Rate) used as benchmark reference rates and the market adoption of alternative reference rates; namely, overnight, nearly risk-free reference rates.  The staff is considering recommending that the Commission propose changes to the swap clearing requirement in part 50 of the Commission’s regulations.

 
Agency: Commodity Futures Trading Commission(CFTC)  Priority: Substantive, Nonsignificant 
RIN Status: First time published in the Unified Agenda Agenda Stage of Rulemaking: Proposed Rule Stage 
Major: Undetermined  Unfunded Mandates: Undetermined 
CFR Citation: 17 CFR 50   
Legal Authority: 7 U.S.C. 2(h)   
Legal Deadline:  None
Timetable:
Action Date FR Cite
Request for Information and Comment  11/23/2021  86 FR 66476   
Request for Information and Comment Period End  01/24/2022 
NPRM  06/00/2022 
Regulatory Flexibility Analysis Required: Undetermined  Government Levels Affected: Undetermined 
Federalism: Undetermined 
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

Melissa D'Arcy
Special Counsel, Division of Clearing and Risk
Commodity Futures Trading Commission
Three Lafayette Centre, 1155 21st Street NW,
Washington, DC 20581
Phone:202 418-5086
Email: mdarcy@cftc.gov

Daniel O'Connell
Special Counsel, Division of Clearing and Risk
Commodity Futures Trading Commission
Three Lafayette Centre, 1155 21st Street NW,
Washington, DC 20581
Phone:202 418-5583
Email: doconnell@cftc.gov