Comment Deadline Set for CFTC Proposed Capital Comparability Determination for Mexico-based Swap Dealers

Comments on a CFTC comparability determination for capital and financial reporting requirements applicable to Mexico-based CFTC-registered swap dealers are due by February 13, 2023. The Notice was published in the Federal Register.

As previously covered, the CFTC voted to solicit comment on the comparability determination in response to a request submitted by Morgan Stanley Mexico, Casa de Bolsa, S.A. de C.V., Goldman Sachs Mexico, Casa de Bolsa, S.A. de C.V., and Casa de Bolsa Finamex, S.A. de C.V. The CFTC said that the relevant Mexican regulations achieve comparable outcomes and are comparable in purpose and effect for nonbank swap dealers to the CFTC Capital Rules and CFTC Financial Reporting Rules.