Swap Transaction Compliance and Implementation Schedule: Clearing and Trade Execution Requirements
The CFTC summarises its rule making schedule for implementing clearing and trade execution requirements introduced by the Dodd-Frank Act.
The Commission proposes to phase in market participants based on the type of market participant entering into the swaps subject to the clearing or trade execution requirement. The proposed compliance schedules would not prohibit any type of market participant from voluntarily complying sooner than the compliance deadline. Moreover, the proposed compliance schedules would be used only when the Commission believes that phasing is necessary based on the reasons discussed in the proposed rule.
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