United States:
Federal Register: CFTC Adopts Capital, Liquidity And Related Requirements For Swap Dealers
17 September 2020
Cadwalader, Wickersham & Taft LLP
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A CFTC final rule establishing minimum capital, liquidity,
financial reporting and other related requirements applicable to
CFTC-registered swap dealers ("SDs") and major swap
participants ("MSPs") was published in the Federal Register.
As previously covered, the final rule covers the
following areas relating to SDs and MSPs: (i) capital requirements,
(ii) liquidity requirements, (iii) financial recordkeeping and
reporting, (iv) the obligation to notify regulators if a firm's
capital drops below certain levels and (v) limitations on the
withdrawal of capital and liquid assets.
Primary Sources
- Federal Register: Capital Requirements of Swap
Dealers and Major Swap Participants (85 FR 57462)
The content of this article is intended to provide a general
guide to the subject matter. Specialist advice should be sought
about your specific circumstances.
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