CFTC APPROVES PROPOSED AND FINAL RULES ON CLEARING, MARGIN AND CUSTOMER PRIVACY

CFTC APPROVES PROPOSED AND FINAL RULES ON CLEARING, MARGIN AND CUSTOMER PRIVACY

Introduction

The CFTC has posted the next final and proposed rules codifying formerly released no action relief and consumer that is restoring privacy policies and procedures:

  • Amendments towards the role 23 Margin Requirements for Uncleared Swaps codifying no action letter relief which included the stability that is european (ESM) towards the a number of entities excluded through the concept of monetary person, and so CFTC margin demands; 1
  • Amendments into the right part 160 customer Financial Ideas Privacy Regulation, correcting a Commission legislation by restoring text that has been inadvertently eliminated in a 2011 amendment to incorporate SDs and MSPs towards the directory of entities at the mercy of component 160.30 requiring entities to look at procedures to shield customer documents and information; 2 and
  • Proposed amendments to role 50 Clearing needs to codify current exemptions through the clearing requirement in section h that is 2(1) of this Commodity Exchange Act (CEA) for swaps entered into by specific main banking institutions, sovereign entities and worldwide banking institutions (IFIs). 3

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