Section 731

CFTC Proposed Implementation Schedule For New Swap Requirements

On September 8, pursuant to Sections 723(a)(3) and 723(a)(8) of the Dodd-Frank Act, the CFTC proposed amendments to regulations to phase in compliance dates for the new clearing and trade execution requirements for swaps under Sections 2(h)(1), 2(h)(2) and 2(h)(8) of the Commodity Exchange Act. Comments must be submitted within 45 days after publication in the Federal Register. CFTC Fact Sheet. CFTC Proposed Rules.

The CFTC also proposed rules, pursuant to Section 731 of the Dodd-Frank Act, establishing a schedule to phase in compliance with the new trading documentation and margin requirements for swaps under Sections 4s(i)(1) and 4s(e) of the Commodity Exchange Act. Comments must be submitted within 45 days after publication in the Federal Register. CFTC Fact Sheet. CFTC Proposed Rules.

CFTC Proposed Rules on Capital Requirements for Swap Dealers and Major Swap Participants

On April 27, pursuant to Section 731 of the Dodd-Frank Act, the CFTC proposed rules that would mandate capital requirements for swap dealers and major swap participants that are not subject to prudential regulation by the Fed, OCC, FDIC, FCA, or FHFA. Capital requirements would be adjusted depending on whether a swap dealer or major swap participant is a futures commissions merchant, a nonbank subsidiary of a U.S. bank holding company, or neither of the foregoing. CFTC Fact Sheet.