Federal Register: CFTC Simplifies Initial Margin Segregation Notice Requirement

The CFTC rule change requiring the notification to counterparties of their right to elect to segregate initial margin in transactions with swap dealers was published in the Federal Register. The amendments go into effect on May 3, 2019.

As previously covered, the CFTC adopted modifications to CFTC Rules 23.700, 23.701, 23.702, 23.703, and 23.704, as proposed.