Regulatory Alerts2024-05-23 | 2024-10342Capital and Financial Reporting Requirements for Swap Dealers and Major Swap Participants
The Commodity Futures Trading Commission adopted final rules amending minimum capital and financial reporting obligations for swap dealers and major swap participants. These amendments codify prior staff guidance on the Tangible Net Worth Capital Approach and alternative reporting for prudentially regulated entities while updating notification timing and subordinated debt approval processes. The changes aim to facilitate compliance and clarify regulatory requirements for both bank and nonbank entities effective June 24, 2024.
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