Regulatory Alerts2020-09-15 | 2020-16492Capital Requirements of Swap Dealers and Major Swap Participants
The Commodity Futures Trading Commission adopted final rules imposing minimum capital and financial reporting requirements on swap dealers and major swap participants not subject to a prudential regulator. The Commission also amended existing capital rules for futures commission merchants to establish specific capital deductions for market and credit risk associated with swaps and security-based swaps. Additionally, the regulations introduce electronic filing requirements for notices, permit certain dually-registered entities to file SEC reports in lieu of CFTC reports, and mandate notifications for defined financial and operational events.
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