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19 October 2016
On September 8 2016 the Commodity Futures Trading Commission (CFTC) approved a final rule instituting system safeguards testing requirements for designated contract markets, swap execution facilities, swap data repositories and derivatives clearing organisations. In addition, the CFTC issued a comparability determination for Japan's margin requirements for uncleared swaps. The CFTC's determination would permit substituted compliance with Japan's uncleared swap margin rules in place of the uncleared swap margin provisions of Title VII of the Dodd-Frank Act.
For further information on this topic please contact Donna M Parisi, Geoffrey B Goldman or Azam H Aziz at Shearman & Sterling LLP by telephone (+1 212 848 4000) or email (firstname.lastname@example.org,email@example.com or firstname.lastname@example.org). The Shearman & Sterling website can be accessed at www.shearman.com.
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