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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 listed here final and proposed rules codifying formerly given 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 page relief which included the stability that is european (ESM) towards the a number of entities excluded through the concept of economic consumer, and for that reason CFTC margin demands; 1
  • Amendments into the component 160 Consumer Financial Suggestions Privacy Regulation, correcting a Commission legislation by restoring text which was inadvertently eliminated in a 2011 amendment to incorporate SDs and MSPs to your variety of entities at the mercy of component 160.30 needing entities to consider procedures to shield consumer documents and information; 2 and
  • Proposed amendments to role 50 Clearing demands to codify current exemptions through the clearing requirement in section h that is 2(1) regarding the Commodity Exchange Act (CEA) for swaps joined into by particular main banking institutions, sovereign entities and worldwide banking institutions (IFIs). 3

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