CFTC Approves Final Rule Amending Margin Requirements for Uncleared Swaps

WASHINGTON — The Commodity Futures Trading Commission approved a final rule today that amends margin requirements for uncleared swaps for swap dealers and major swap participants who are not subject to prudential regulator margin rules. The amendments enhance market efficiency, promote global harmonization, and support responsible financial innovation, while maintaining robust risk management standards.

“From the outset of my Chairmanship, I have been clear that the CFTC will pursue a rulemaking agenda that prioritizes responsible innovation,” said Chairman Michael S. Selig. “Today’s final rule related to seeded funds achieves this by unlocking liquidity for capital allocators and expanding the types of assets that qualify as eligible collateral for certain derivatives transactions, striking the right balance between streamlining regulation and upholding the market protections and robust risk management standards that make America’s commodities markets the gold standard.”