Regulatory Alerts2020-11-03 | 2020-23167Cross-Border Application of the Registration Thresholds and Certain Requirements Applicable to Swap Dealers and Major Swap Participants; Correction
The Commodity Futures Trading Commission issued a correction to a final rule regarding the cross-border application of swap dealer and major swap participant registration thresholds and requirements. This action amends 17 CFR Part 23 to clarify that Section 23.23 becomes effective on November 13, 2020, rather than 60 days after Federal Register publication. The correction ensures the regulatory timeline aligns with the original intent of the rulemaking adopted in September 2020.
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