Capital Requirements of Swap Dealers and Major Swap Participants

CFTC Notice

May 12, 2011

The CFTC is proposing to adopt capital, financial reporting, and recordkeeping requirements for certain swap dealers (SDs) and major swap participants (MSPs), as well as proposing to amend certain capital requirements for futures commission merchants (FCMs) that also register as SDs or MSPs and supplemental capital requirements, and supplemental financial reporting requirements for these FCMs. The comment period for the proposed rules is being aligned with that of the Commission's proposed rulemaking on margin requirements so that commenters will have the opportunity to review the proposed capital and margin rules together before the expiration of the comment periods for either proposed rule.

Cross References

Dodd-Frank Act, Title VII, 731;

new CEASec. 4s;

17 CFR Parts 1, 23, and 140