Federal Register: CFTC Request for Comments on Proposal to Add Certain Interest Rate Swaps to Mandatory Clearing Published
The Federal Register published the CFTC request for comments on a proposal to amend CFTC Rule 50.4(a) to require certain interest rate swaps that are denominated in certain currencies, or that have certain termination dates, to be subject to mandatory clearing. The scope of this proposal would align the CFTC's clearing requirement with those that were proposed and finalized in 2015 and 2016 by the CFTC's counterparts in Australia, Canada, the European Union, Hong Kong, Mexico and Singapore.
Comments on the proposal must be submitted by July 18, 2016.
Related Articles
-
The CFTC proposed that interest rate swaps denominated in certain currencies, or that have certain termination dates, be submitted for clearing to derivatives clearing organizations by persons who are obligated to do so under the CEA.
