Alert July 17, 2012

CFTC Reopens Comment Period for Proposed Rule on Margin Requirements for Uncleared Swaps

The CFTC reopened the comment period for its proposed rule, published in the Federal Register on April 28, 2011, that would establish initial and variation margin requirements on uncleared swaps for swap dealers and major swap participants.  Reopening the comment period is intended to give interested parties the opportunity to comment in light of recent international efforts to harmonize margin requirements for uncleared swaps. 

Comments are due by September 14, 2012.