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

  1. Federal Register: Capital Requirements of Swap Dealers and Major Swap Participants (85 FR 57462)

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