Tracks financial services regulatory developments and provides insight and commentary
On October 13, 2016, the Commodity Futures Trading Commission (“CFTC’”) unanimously issued an order establishing December 31, 2018 as the swap dealer de minimis threshold phase-in termination date (the “Order”). The Order is effective October 13, 2016.
Summary of the Order
Pursuant to CFTC Regulation 1.3(ggg), a person shall not be deemed to be a…
CFTC Chairman Massad today announced that he will recommend a one-year extension of the date on which the swap dealer de minimis threshold will drop from $8 billion to $3 billion. Chairman Massad will recommend the Commission take this action through Commission order. If adopted, the Commission order would permit market participants to calculate their…
CFTC Staff has published a Final Report on the Swap Dealer De Minimis Exception (Final Report) addressing the level of swap dealing activity that is considered “de minimis” and therefore does not require an entity to register as a swap dealer with the CFTC. The Final Report provides updated data analysis, and summarizes…
CFTC staff has published for public comment a Preliminary Report regarding the level of swap dealing activity that is considered “de minimis” and therefore does not require an entity to register as a swap dealer with the CFTC. Comments must be filed on or before January 19, 2016.
The de minimis threshold
CFTC…
