2019-10-22 | 2019-22955The Commodity Futures Trading Commission proposes amendments to margin requirements for uncleared swaps for swap dealers and major swap participants without a prudential regulator. The proposal seeks to exclude the European Stability Mechanism from the definition of financial end user to align with existing no-action relief and correct an erroneous cross-reference in the regulations regarding eligible collateral. Comments on these proposed changes must be received by December 23, 2019.