CFTC Delays the Compliance Date for the Cleared Swaps Collateral Rules

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Taking note of the disruption caused by Hurricane Sandy, the Division of Clearing and Risk (DCR) of the Commodity Futures Trading Commission has delayed the date for compliance with the CFTC’s Part 22 Rules relating to the protection of cleared swaps customer collateral to November 13. The compliance date had been November 8. The DCR no-action letter is available here.

 

Topics:  CFTC, Customer Collateral Requirements, Swaps

Published In: Administrative Agency Updates, Finance & Banking Updates, Securities Updates

DISCLAIMER: Because of the generality of this update, the information provided herein may not be applicable in all situations and should not be acted upon without specific legal advice based on particular situations.

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