Regulatory Alerts2019-04-03 | 2019-06319Comparability Determination for Australia: Margin Requirements for Uncleared Swaps for Swap Dealers and Major Swap Participants
The Commodity Futures Trading Commission issued a determination finding that Australian margin requirements for uncleared swaps are comparable to U.S. standards for swap dealers and major swap participants. This finding allows Covered Swap Entities to satisfy CFTC margin rules by complying with Australian regulations under the substituted compliance framework. The determination was made on March 27, 2019, following an analysis of the Australian Prudential Regulation Authority's prudential standards against the BCBS/IOSCO Framework.
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