CFTC’s Division of Swap Dealer and Intermediary Oversight Issues Time-Limited No-Action Transition for March 1, 2017 Compliance Date for Variation Margin and No-Action Relief from Minimum Transfer Amount Provisions

Feb 13, 2017 Share this! LinkedIn logo Facebook logo Twitter logo Reddit logo Google+ logo

Time-limited no-action letter allows for a transition period to comply with new variation margin requirements

The U.S. Commodity Futures Trading Commission’s (CFTC) Division of Swap Dealer and Intermediary Oversight (DSIO) today issued a time-limited no-action letter stating that, from March 1, 2017 to September 1, 2017, DSIO will not recommend an enforcement action against a swap dealer (SD) for failure to comply with the variation margin requirements for swaps that are subject to a March 1, 2017 compliance date. 

More info via press release: http://www.cftc.gov/PressRoom/PressReleases/pr7531-17

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