United States:
Effective Date Of CFTC Rule Delaying Phase VI Initial Margin Compliance Set For December 9
12 November 2020
Cadwalader, Wickersham & Taft LLP
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A CFTC final rule delaying the compliance date for "Phase
Six" of the initial margin requirements was
published in the Federal Register (see
prior coverage). The delay affects non-prudentially regulated
swap dealers and major swap participants with "smaller
uncleared swap portfolios."
The final rule - which pushes back the compliance deadline to
September 1, 2022 - goes into effect on December 9, 2020.
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