Regulatory Alerts2020-07-10 | 2020-14254Margin Requirements for Uncleared Swaps for Swap Dealers and Major Swap Participants
The Commodity Futures Trading Commission proposes to delay the initial margin compliance date for the Smaller Portfolio Group of swap dealers and major swap participants from September 1, 2021, to September 1, 2022. This extension aims to prevent market disruption caused by the operational challenges faced by approximately 700 entities and 7,000 trading relationships required to implement margin requirements simultaneously. The proposal aligns with international standards and previous regulatory actions taken to mitigate the impact of the COVID-19 pandemic on the derivatives market.
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