Regulatory Alerts2022-08-08 | 2022-16684Notice of Proposed Order and Request for Comment on an Application for a Capital Comparability Determination From the Financial Services Agency of Japan
The Commodity Futures Trading Commission solicits public comment on an application from the Financial Services Agency of Japan seeking a determination that Japanese nonbank swap dealers may satisfy certain U.S. capital and financial reporting requirements by complying with comparable Japanese regulations. The Commission is also requesting feedback on a proposed order that would conditionally allow substituted compliance for these entities under the Commodity Exchange Act. This action aims to establish whether Japan's regulatory framework achieves outcomes comparable to those mandated by CFTC rules for swap dealers and major swap participants.
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