Transition Period under Section 716 of the Dodd-Frank Act (OCC - Fed. Reg. Version)

The Office of the Comptroller of the Currency (“OCC”) is notifying insured Federal depository institutions which are or may become swap dealers that the OCC is prepared to consider favorably requests for a transition period pursuant to Section 716(f) of the Dodd-Frank Act, provided that such requests conform to the procedures and conditions established in the OCCC's notice. This guidance is effective as of January 7, 2013. Written requests for transition periods should be submitted to the OCC by January 31, 2013.

Click here to view our original story on the Notice of Guidance, including analysis and commentary.

View rule release: 77 FR 1306.