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Dodd-Frank Regulatory Reform Rules

CFTC - Final rules regarding risk management practices of clearing members of derivatives clearing organizations.

RIN 3038-0092, -0094. The final rules are part of the CFTC's efforts to establish a comprehensive regulatory framework for swap transactions. The rules are designed to increase customer access to clearing, to facilitate the timely processing of trades, and to strengthen risk management at the clearing member level. These rules were proposed in two separate notices of proposed rulemakings published in the Federal Register on August 1, 2011 (76 FR 45730 and 76 FR 45724) and a third rulemaking published on March 10, 2011 (76 FR 13101). The rules address the documentation between a customer and a futures commission merchant that clears on behalf of the customer; the timing of acceptance or rejection of trades for clearing by derivatives clearing organizations and clearing members; and the risk management procedures of futures commission merchants, swap dealers, and major swap participants that are clearing members. The CFTC published a correction to the final rule on June 25, 2012 (77 FR 37803).


Published: 4/9/2012
Effective Date(s): 10/1/2012

Submit Your Comments:

Comment period is closed.

Agency Information:

Agency: CFTC
Agency Reference:
77 FR 21278 on CFTC website
77 FR 37803 on CFTC website

DFA Section(s):

701 et seq.

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