Regulatory Alerts2016-10-18 | 2016-25143Order Establishing De Minimis Threshold Phase-In Termination Date
The Commodity Futures Trading Commission issued an order establishing December 31, 2018, as the termination date for the phase-in period of the de minimis threshold for swap dealer registration. This one-year extension delays the reduction of the aggregate gross notional amount threshold from $8 billion to $3 billion, which was originally scheduled to take effect on December 31, 2017. The Commission determined that this additional time is prudent to allow for the finalization of capital requirements and the assessment of margin rules for uncleared swaps before reassessing the threshold.
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