Regulatory Alerts2021-01-05 | 2020-26536Portfolio Reconciliation Requirements for Swap Dealers and Major Swap Participants—Revision of Material Terms Definition
The Commodity Futures Trading Commission adopted an interim final rule to amend the definition of material terms for swap dealers and major swap participants. This technical amendment relocates the relevant data fields from part 45 to part 23 of the regulations to maintain current portfolio reconciliation requirements following changes to swap data reporting rules. The rule ensures these market participants can continue their reconciliation exercises without disruption or modification to existing procedures.
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