The CFTC Division of Market Oversight granted no-action relief as to swap trade execution requirements related to ICE Clear Europe Ltd. discontinuing CDS clearing services in October 2023.
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The CFTC issued an Order allowing LCH SA, a registered derivatives clearing organization, to engage in the portfolio margining of both swaps and security-based swaps in a cleared swaps customer account.
The SEC adopted changes to the exemptions for certain clearing agencies and broker-dealer/futures commission merchants concerning the portfolio margining of swaps and security-based swaps that are cleared credit default swaps.
The Basel Committee on Banking Supervision, the Committee on Payments and Market Infrastructures and IOSCO jointly requested comment on a consultative report, which examines margin calls during the high market volatility of March 2020.
The SEC proposed replacing an exemption for certain clearing agencies and dual registrant broker-dealers concerning the portfolio margining of swaps and security-based swaps that are cleared credit default swaps.