Regulatory Alerts2020-11-30 | 2020-25394Swap Clearing Requirement Exemptions
The Commodity Futures Trading Commission adopted a final rule exempting swaps entered into by certain central banks, sovereign entities, international financial institutions, bank holding companies, savings and loan holding companies, and community development financial institutions from the clearing requirement. The Commission also published a compliance schedule detailing past dates for the 2012 and 2016 swap clearing requirement regulations and made non-substantive technical amendments to 17 CFR Part 50. This rulemaking codifies previous no-action letters and simplifies regulatory structures to minimize compliance burdens for market participants.
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