July 6, 2012
CFTC Reopens Public Comment Period on Margin Requirements for Uncleared Swaps
Washington, DC – The Commodity Futures Trading Commission (Commission) published in the Federal Register on April 28, 2011 a notice of proposed rulemaking that would establish initial and variation margin requirements for uncleared swaps. The comment period closed on July 11, 2011.
The Commission has been participating in an international effort to harmonize margin requirements for uncleared swaps. The Basel Committee on Banking Supervision and the International Organization of Securities Commissions today released a consultative paper on this topic. The consultative paper is available on the Bank for International Settlements website (www.bis.org), and the IOSCO website (www.iosco.org).
The Commission has decided to reopen the comment period on the proposed margin rule to allow interested parties to comment on the Commission’s proposed rules in light of the proposals discussed in the consultative paper.
Comments are due to the Commission by September 14, 2012.
Comments may be submitted electronically through the Commission’s Comments Online process. All comments received will be posted on the Commission’s website.
Last Updated: July 6, 2012