Regulatory Alerts2015-03-24 | 2015-06548Residual Interest Deadline for Futures Commission Merchants
The Commodity Futures Trading Commission amends Regulation 1.22 to remove the automatic termination date for the phased-in compliance schedule regarding residual interest requirements for futures commission merchants. This change ensures that the deadline for posting residual interest will only be revised through a separate Commission rulemaking process rather than automatically shifting to the time of settlement. The amendment provides market participants with greater certainty and an opportunity to comment on any future adjustments to the deadline based on staff studies and public roundtables.
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