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CFTC extends comment period for new capital requirements

Joe Mont | March 17, 2017

The Commodity Futures Trading Commission is extending the comment period on proposed capital requirements applicable to swap dealers and major swap participants for an additional 60 days.

The original comment period, initiated on Dec. 2, was set to expire March 16, 2017. The comment period will now expire on May 15. Notice of the extension will be published in the Federal Register. All comments will be posted on CFTC’s website.

The proposed rules establish swap dealer (SDs) and major swap participant (MSPs) minimum capital requirements. As required by the Dodd Frank Act, the rules propose minimum levels of qualifying capital for SDs and MSPs that are not subject to the capital rules of a prudential regulator.

The...

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