CFTC Announces Proposal to Amend the Definition of “Material Terms”

On September 10, the U.S. Commodity Futures Trading Commission Division announced that it will publish in the Federal Register a proposed amendment to the definition of “material terms” for purposes of swap portfolio reconciliation under Commission Regulation 23.502.  The comment period for the proposed amendment will end 60 days after the proposal is published in the Federal Register.  Release.