Regulatory Alerts2024-07-18 | 2024-15094Order Granting Conditional Substituted Compliance for UK Nonbank Swap Dealers
The Commodity Futures Trading Commission issued an order granting conditional substituted compliance to registered nonbank swap dealers organized and domiciled in the United Kingdom. This determination allows these entities to satisfy specific capital and financial reporting requirements under the Commodity Exchange Act by complying with corresponding regulations of the United Kingdom Prudential Regulation Authority. The order imposes conditions including monthly and annual financial reporting to the Commission and notification requirements for adverse events to ensure ongoing supervisory oversight.
Share