Regulatory Alerts2024-01-16 | 2023-28649Capital and Financial Reporting Requirements for Swap Dealers and Major Swap Participants
The Commodity Futures Trading Commission proposes amendments to regulations imposing minimum capital requirements and financial reporting obligations on swap dealers and major swap participants. The proposal codifies staff interpretive and no-action letters to clarify the Tangible Net Worth Capital Approach and alternative financial reporting for entities subject to prudential regulators. These changes aim to simplify compliance with financial reporting obligations and demonstrate adherence to minimum capital standards.
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