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The banking regulators (the "Agencies") have reopened the comment period for the "Proposed Margin Rule" published in the Federal Register on May 11, 2011 ( 76 FR 27564 ). The rule is intended to establish minimum margin and capital requirements for uncleared swaps and security-based swaps entered into by SDs, MSPs, security-based swap dealers, and major security-based swap participants, in each case that are subject to the requirements of the Prudential (banking) regulators, rather than the CFTC. The release indicates that the comment period has been extended as a result of the consultative

The banking regulators (the "Agencies") have reopened the comment period for the "Proposed Margin Rule" published in the Federal Register on May 11, 2011 ( 76 FR 27564 ). The rule is intended to establish minimum margin and capital requirements for uncleared swaps and security-based swaps entered into by SDs, MSPs, security-based swap dealers, and major security-based swap participants, in each case subject to the requirements of the Prudential (banking) regulators rather than the CFTC. The release indicates that the comment period has been extended as a result of the consultative document on

The Basel Committee on Banking Supervision and the International Organization of Securities Commissions ("IOSCO") released the final framework for margin requirements for non-centrally cleared derivatives. Under these global standards, all financial firms and systemically important non-financial entities that engage in non-centrally cleared derivatives will have to exchange initial and variation margin commensurate with the counterparty risks arising from such transactions. Below are key principles set out in the framework. Appropriate margining practices should be in place with respect to all

The Basel Committee on Banking Supervision ("BCBS") and the International Organization of Securities Commissions ("IOSCO") published the public responses to the second consultative paper on margin requirements for non-centrally cleared derivatives, which was issued for comment on February 15th for a one-month consultation period. These responses to the consultative document will inform the final joint proposal on margin requirements on non-centrally cleared derivatives. See below for public comments received on the Consultation Report as of April 2, 2013. Alternative Investment Management