22 Sep CFTC – Rule – Margin Requirements for Uncleared Swaps for Swap Dealers and Major Swap Participants
September 22, 2020 – CFTC has issued a proposed rule to amend margin requirements for uncleared swaps for swap dealers and major swap participants for which there is no prudential regulator. Amendments permit application of separate minimum transfer amounts (MTA) for initial margin and variation margin, application of MTA of up to $50,000 for Separately Managed Accounts (SMAs). Amend 17 CFR 23.151, 23.152(b)(3), 23.153(c), 23.158, consistent Lt 17-12, 19-25.
Comment Period ends October 22, 2020.
For more information, visit www.federalregister.gov