Regulatory Alerts2017-10-31 | 2017-23660Order Establishing a New De Minimis Threshold Phase-In Termination Date
The Commodity Futures Trading Commission issued an order establishing December 31, 2019, as the new termination date for the de minimis threshold phase-in period. This one-year extension delays the reduction of the swap dealer de minimis exception from $8 billion to $3 billion, which was originally scheduled to take effect on December 31, 2018. The Commission determined that the additional time is necessary to allow for improved data analysis, provide regulatory certainty to market participants, and enable new Commissioners to familiarize themselves with the relevant issues.
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