Federal Register: CFTC Extends Initial Margin Compliance Deadline

A final rule amendment to extend the compliance phase-in schedule for initial margin requirements for uncleared swaps was published in the Federal Register. The rule amendments will go into effect May 11, 2020.

As previously covered, the final rule extends the implementation period for firms with an average aggregate notional amount of in-scope derivatives over a measuring period of between $8 billion and $50 billion from September 1, 2020 to September 1, 2021.