Topic
Margin Requirements
82 published works
Global Regulation Tomorrow
ISDA guide to the cross-border application of US, EU and Japan margin rules for non-cleared derivatives
By Hannah Meakin (UK), Hannah McAslan (UK)
On 6 January 2020, the International Swaps and Derivatives Association (ISDA) published a guide intended to provide a general overview of the cross-border application of certain margin rules for non-cleared…
Global Regulation Tomorrow
Joint Committee of ESAs publish final report on EMIR RTS on bilateral margin requirements and joint statement on introduction of fall-backs
On 5 December 2019, the Joint Committee of the European Supervisory Authorities (ESAs) published its final report on regulatory technical standards (RTS) on the risk mitigation techniques for over-the-counter (OTC)…
Corporate & Financial Weekly Digest
Another Postponement of Margin Rules for Covered Agency Transactions Under FINRA Rule 4210
On October 25, the Financial Industry Regulatory Authority (FINRA) filed a rule change (SR-FINRA-2019-026) with the Securities and Exchange Commission that postpones for another full year the implementation of mandatory…
Corporate & Financial Weekly Digest
CFTC’s Global Markets Advisory Committee Seeking Nominations for New Subcommittee
By Kevin M. Foley, James M. Brady
The Commodity Futures Trading Commission announced the creation of a new Subcommittee on Margin Requirements for Non-Cleared Swaps under the Global Markets Advisory Committee (GMAC). The subcommittee will be responsible…
Global Regulation Tomorrow
Basel Committee and IOSCO agree to one-year extension of the final implementation phase of the margin requirements for non-centrally cleared derivatives
On 23 July 2019, the Basel Committee on Banking Supervision (Basel Committee) and the International Organization of Securities Commissions (IOSCO) issued a joint statement confirming that the final implementation of…
Corporate & Financial Weekly Digest
CFTC and SEC Propose Changes to Margin Requirements for Security Futures
By James M. Brady, Guy C. Dempsey Jr.
The Commodity Futures Trading Commission and the Securities and Exchange Commission have jointly proposed amendments to the minimum customer margin requirements for security futures contracts. In 2002, the CFTC and…
The CLS Blue Sky Blog
SEC Proposes Change to Margin Rules on Security Futures
By Securities, Exchange Commission
The Securities and Exchange Commission (SEC) announced today that it has proposed to align the minimum margin required on security futures with other similar financial products. The proposal—which, if the CFTC…
Global Regulation Tomorrow
EMIR Refit
By Hannah Meakin (UK), Catherine Blake (UK), Simon Lovegrove (UK)
Introduction The EMIR Refit Regulation (EMIR Refit) will enter into force on 17 June 2019. With some exceptions, it will apply from that date. The purpose of the EMIR Refit…
Corporate & Financial Weekly Digest
CFTC Issues Margin Relief for Changes to Legacy Swaps
On June 6, the Division of Swap Dealer and Intermediary Oversight (DSIO) of the Commodity Futures Trading Commission issued no action letter 19-13 to permit swap dealers and their counterparties…
Corporate & Financial Weekly Digest
FINRA Proposes Rule to Extend the Implementation of Rule Related to Margin Requirements for Credit Default Swaps
By Stanley V. Polit, Michael T. Foley
On May 21, the Financial Industry Regulatory Authority (FINRA) filed with the Securities and Exchange Commission a proposed rule (Rule Change) extending the implementation date for FINRA Rule 4240, which…