Regulatory Alerts2019-10-24 | 2019-22954Margin Requirements for Uncleared Swaps for Swap Dealers and Major Swap Participants
The Commodity Futures Trading Commission proposes to extend the compliance deadline for initial margin requirements for uncleared swaps from September 1, 2020, to September 1, 2021, for certain smaller entities. This one-year extension targets swap dealers and major swap participants with average daily aggregate notional amounts exceeding $8 billion to mitigate potential market disruption and operational difficulties associated with the large influx of new counterparties. The proposal aligns with an international framework revision by the BCBS and IOSCO to harmonize regulatory standards while maintaining systemic risk mitigation for the broader financial system.
Share