30 Nov CFTC – Swap Clearing Requirement Exemptions
November 30, 2020 – The CFTC is adopting amendments to the regulations governing which swaps are exempt from the clearing requirement set forth in applicable provisions of the Commodity Exchange Act (CEA). These amendments exempt from the clearing requirement swaps entered into by certain central banks, sovereign entities, international financial institutions, bank holding companies, savings and loan holding companies, and community development financial institutions. The CFTC also is publishing a compliance schedule setting forth all the past compliance dates for the 2012 and 2016 swap clearing requirement regulations. Finally, the CFTC is making certain other, non-substantive technical amendments.
The effective date for this final rule is December 30, 2020.
For more information, visit www.FederalRegister.gov.