The CFTC Global Markets Advisory Committee advanced recommendations on: (i) the use of U.S. Treasuries as margin collateral, (ii) the securities market's move to T+1 securities settlement and (iii) a digital asset taxonomy.
News & Insights
The CFTC withdrew its original proposal and newly proposed to allow an FCM, subject to certain conditions, to treat separate accounts of a single beneficial owner as if they were owned by different persons, for purposes of margin withdrawals from the separate accounts.
The CFTC Global Markets Advisory Committee advanced eight recommendations to promote access and competition in the U.S. Treasury markets, repo and funding markets and commodity markets.
The CFTC Division of Market Oversight extended no-action relief from the ownership and control reporting requirements for reporting entities.
The CFTC extended the comment deadline on a rule proposal that would codify no-action relief related to the treatment of separate accounts by futures commission merchants. The new comment deadline is June 30, 2023.