Regulatory Alerts2014-11-14 | 2014-26978Residual Interest Deadline for Futures Commission Merchants
The Commodity Futures Trading Commission proposes to amend Regulation 1.22 to remove the December 31, 2018 automatic termination date for the phased-in compliance schedule regarding the Residual Interest Deadline for Futures Commission Merchants. This change would allow the deadline to remain at 6:00 p.m. Eastern Time on the Settlement Date unless the Commission takes further action through a separate rulemaking process. The proposal aims to provide the Commission with greater flexibility to assess the practicability and costs associated with potentially revising the deadline based on future reports and public comments.
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