Regulatory Alerts2024-02-05 | 2024-02070Notice of Proposed Order and Request for Comment on Capital Comparability Determination for UK Nonbank Swap Dealers Regulated by the PRA
The Commodity Futures Trading Commission solicits public comment on an application seeking a determination that capital and financial reporting requirements for UK nonbank swap dealers regulated by the Prudential Regulation Authority are comparable to CFTC rules. The Commission is also requesting comments on a proposed order that would allow these entities to satisfy certain CFTC requirements through substituted compliance with UK regulations. This action addresses the regulatory framework for nonbank swap dealers organized in the United Kingdom and designated for prudential supervision by the UK PRA.
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