Rule · CFTC · 3 Nov 2020 · 2020-23167
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.
COMMODITY FUTURES TRADING COMMISSION 17 CFR Part 23 RIN 3038–AE84 Cross-Border Application of the Registration Thresholds and Certain Requirements Applicable to Swap Dealers and Major Swap Participants; Correction AGENCY: Commodity Futures Trading Commission. ACTION: Final rule; correction. SUMMARY: The Commodity Futures Trading Commission (Commission) is correcting a final rule published in the Federal Register on September 14, 2020. The document addressed the crossborder application of certain swap provisions of the Commodity Exchange Act (‘‘CEA’’ or ‘‘Act’’), as added by Title VII of the Dodd-Frank Wall Street Reform and Consumer Protection Act (‘‘Dodd-Frank Act’’).
1We originally adopted the Filer Manual on April 1, 1993, with an effective date of April 26, 1993. Release No. 33–6986 (Apr. 1, 1993) [58 FR 18638]. We implemented the most recent update to the Filer Manual on January 27, 2020. See Release No. 33– 10749 (Jan. 27, 2020) [85 FR 9365]. 2See Rule 301 of Regulation S–T (17 CFR 232.301). 3See Exchange-Traded Funds, Release No. 33– 10695 (Sep. 25, 2019) [84 FR 57162]. 4See Updated Disclosure Requirements and Summary Prospectus for Variable Annuity and Variable Life Insurance Contracts, Release No. 33– 10765 (Mar. 11, 2020) [85 FR 25964]. DATES: Effective on November 13, 2020. FOR FURTHER INFORMATION CONTACT:
Joshua Sterling, Director, (202) 418– 6056, jsterling@cftc.gov; Frank Fisanich, Chief Counsel, (202) 418–5949, ffisanich@cftc.gov; Amanda Olear, Deputy Director, (202) 418–5283, aolear@cftc.gov; Rajal Patel, Associate Director, (202) 418–5261, rpatel@ cftc.gov; Lauren Bennett, Special Counsel, (202) 418–5290, lbennett@ cftc.gov; Jacob Chachkin, Special Counsel, (202) 418–5496, jchachkin@ cftc.gov; or Owen Kopon, Special Counsel, okopon@cftc.gov, (202) 418– 5360, Division of Swap Dealer and Intermediary Oversight (‘‘DSIO’’), Commodity Futures Trading Commission, Three Lafayette Centre, 1155 21st Street NW, Washington, DC 20581. SUPPLEMENTARY INFORMATION: In FR Doc. 2020–16489 appearing on page 56924 in the Federal Register of Monday, September 14, 2020, the following correction is made:
§ 23.23 [Corrected]
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