The CFTC published in the Federal Register amendments to the bankruptcy regulations (CFTC Rules Part 190) to "reflect current market practices and lessons learned from past commodity broker bankruptcies."
The amendments go into effect on May 13, 2021. The compliance date for new CFTC Rule 1.43 ("Letters of credit as collateral") is April 13, 2022, for letters of credit accepted, and customer agreements entered into, by a futures commission merchant before the effective date of the amendments.
See here for related coverage of the amendments.
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