A CFTC final rule implementing a clearing exception for swaps between affiliates was published in the Federal Register. The final rule will go into effect on August 21, 2020.
As previously covered, the final rule amends CFTC Rule 50.52 ("Exemption for Swaps between Affiliates") to make permanent certain temporary alternative compliance frameworks. The CFTC further noted that the rulemaking will "effectively codify CFTC Letter No. 17-66."
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The content of this article is intended to provide a general guide to the subject matter. Specialist advice should be sought about your specific circumstances.
