Regulatory Alerts2017-11-28 | 2017-25627Margin Requirements for Uncleared Swaps for Swap Dealers and Major Swap Participants; Correction
The Commodity Futures Trading Commission issued correcting amendments to rectify cross-reference errors in its final rule regarding margin requirements for uncleared swaps for swap dealers and major swap participants. The correction specifically amends 17 CFR 23.156(a)(3) by replacing erroneous references to paragraph (a)(1)(iv) with the correct references to paragraph (a)(1)(v). This correcting amendment became effective on November 28, 2017, ensuring the regulatory text accurately reflects the intended statutory implementation of initial and variation margin requirements.
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