Release Number 7442-16

September 8, 2016

CFTC Approves Final Rules for System Safeguards Testing Requirements and a Comparability Determination for Japan Uncleared Swap Margin Rules for Substituted Compliance Purposes

Washington, DC — At an open meeting today, the U.S. Commodity Futures Trading Commission (Commission) approved two final rules for system safeguards testing requirements, as well as a comparability determination for Japan’s margin requirements for uncleared swaps.

By a unanimous vote, CFTC Commissioners approved final rules for system safeguards testing requirements for designated contract markets, swap execution facilities, swap data repositories, and derivatives clearing organizations. With a 2 to 1 vote, the Commission also approved a comparability determination that would permit substituted compliance with certain of Japan’s margin requirements for uncleared swaps as compared to the uncleared swap margin provisions of Title VII of the Dodd-Frank Wall Street Reform and Consumer Protection Act and Commission regulations.

For additional information on these rulemakings, including Chairman and Commissioners’ Statements, Fact Sheets, Q&A, Webcast link, and other information, visit the Commission’s Events Page for this meeting.

Last Updated: September 8, 2016