Topic
Swaps
164 published works
Corporate & Financial Weekly Digest
CFTC Approves Certain Final Rules Amending Margin Requirements for Certain Uncleared Swaps and Exemptions From Registration for Certain Foreign Intermediaries
By Kevin M. Foley, Elizabeth Organ
On October 15, at the same open meeting in which it approved the final rule on position limits, the Commodity Futures Trading Commission unanimously approved two other unrelated final rules.…
Corporate & Financial Weekly Digest
CFTC Announces Open Commission Meeting to Consider Final Rules on Margin Requirements for Uncleared Swaps, Registration Exemptions for Foreign Intermediaries and Derivative Position Limits
By Kevin M. Foley, Stanley V. Polit
On October 8, the Commodity Futures Trading Commission (CFTC) announced that it will hold an open meeting on October 15. At this meeting, the CFTC will consider the following: Final…
Corporate & Financial Weekly Digest
CFTC No-Action Letter 20-24: CFTC Provides Relief from the Trade Execution Requirement
By Gregory A. Uffner, Kevin M. Foley
On August 31, the Commodity Futures Trading Commission’s (CFTC) Division of Market Oversight (DMO) issued a no-action letter (No-Action Letter 20-24) providing time-limited relief from the trade execution requirement for…
Cov Financial Services
CFTC To Consider Proposals for Refining Uncleared Margin Rules
By Covington Financial Services
During an open meeting on July 22, 2020, the CFTC Commissioners heard a staff presentation on three specific recommendations for changes to the margin requirements for uncleared swaps for swap…
Corporate & Financial Weekly Digest
NFA Issues Notice to Members Regarding Compliance Date for Swaps Proficiency Requirement
By Christian B. Hennion, Guy C. Dempsey Jr., Stanley V. Polit
On July 8, the National Futures Association (NFA) issued Notice I-20-27 to remind member firms that the compliance date for NFA's Swaps Proficiency Requirements (Requirements) is January 31, 2021 (Compliance…
Corporate & Financial Weekly Digest
CFTC Extends Relief for Initial Margin Requirements for Uncleared Swaps
By Kevin M. Foley, Katten Muchin Rosenman LLP
On March 17, the Commodity Futures Trading Commission (CFTC) adopted a final rule extending the compliance schedule for uncleared margin requirements to September 1, 2021 for market participants with the…
Corporate & Financial Weekly Digest
SEC Adopts Capital, Margin and Segregation Requirements for Security-Based Swap Dealers and Major Participants
By Richard D. Marshall, Susan Light, Katten Muchin Rosenman LLP
On June 21, the Securities and Exchange Commission adopted a package of new rules and rule amendments to establish capital, margin and segregation requirements under Title VII of the Dodd-Frank…
Corporate & Financial Weekly Digest
NFA Amends Swaps Supervision Requirements and Makes Technical Changes to NFA Rules and Interpretive Notices
By Kevin M. Foley, Leonard Licht
On June 12, the National Futures Association (NFA) amended several of its rules and interpretive notices to incorporate expressly supervision requirements for NFA members’ swaps activities. NFA Compliance Rule 2-9(a),…
Corporate & Financial Weekly Digest
ISDA Publishes Initial Margin Implementation Guidance for Financial End Users
On May 29, the International Swaps and Derivatives Association (ISDA) issued calculation guidance for swap market participants seeking to determine if they might become subject in 2020 to mandatory initial…
Corporate & Financial Weekly Digest
CFTC Chair Proposes Relief for Phase 5 Initial Margin Implementation
On April 29, Commodity Futures Trading Commission Chairman Chris Giancarlo sent a letter to Randy Quarles, the Vice Chair for Supervision of the Board of Governors of the Federal Reserve…