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Effective Date of CFTC Rule Delaying Phase VI Initial Margin Compliance Set for December 9

A CFTC final rule delaying the compliance date for "Phase Six" of the initial margin requirements was published in the Federal Register (see prior coverage). The delay affects non-prudentially regulated swap dealers and major swap participants with "smaller uncleared swap portfolios."

The final rule - which pushes back the compliance deadline to September 1, 2022 - goes into effect on December 9, 2020.

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