In an open meeting, the CFTC approved three final rules: (i) one concerning position limits for derivatives, (ii) one extending the Phase VI compliance date of the margin requirements for uncleared swaps for swap dealers and major swap participants, and (iii) one exempting certain foreign intermediaries from the requirement to register as CPOs.
News & Insights
The CFTC comparability determination that European Union margin requirements for uncleared swaps are comparable in outcome to relevant CFTC Regulations was published in the Federal Register.
The CFTC and EU made comparability determinations on margin requirements for uncleared swaps. The CFTC also announced agreement on a common approach to regulating derivatives trading venues.
The CFTC Division of Swap Dealer and Intermediary Oversight extended time-limited no-action relief to swap dealers subject to both U.S. and European margin requirements for uncleared swaps. The relief was extended from May 8, 2017 until November 7, 2017.
The CFTC Division of Swap Dealer and Intermediary Oversight granted time-limited no-action relief to swap dealers that are subject to both U.S. and European margin requirements for uncleared swaps.