Regulatory Alerts2017-10-18 | 2017-22616Added · Updated
Comparability Determination for the European Union: Margin Requirements for Uncleared Swaps for Swap Dealers and Major Swap Participants
The Commodity Futures Trading Commission issued a notification of determination finding that the European Union's margin requirements for uncleared swaps are comparable in outcome to those under the Commodity Exchange Act and Commission regulations. This affirmative finding allows certain swap dealers and major swap participants to satisfy U.S. margin rules through substituted compliance with EU laws. The determination establishes the framework for cross-border application of margin requirements while ensuring the safety and soundness of covered swap entities.
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