Market regulation · 23/09/2020

CFTC Proposes Updates to Margin Requirements for Uncleared Swaps

The Commodity Futures Trading Commission (CFTC) is proposing to update the margin requirements for uncleared swaps for swap dealers and major swap participants, aligning with the Basel Committee on Banking Supervision and Board of the International Organization of Securities Commissions' Framework for margin requirements. The proposed changes aim to simplify the calculation method and extend the phased compliance schedule for the initial margin requirements, which began on September 1, 2021.