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The U.S. Commodity Futures Trading Commission (Commission) announced today that it will publish in the Federal Register a proposed amendment to the regulatory definition of “material terms” for purposes of swap portfolio reconciliation under Commission regulation 23.502.
Under the proposal, the Commission would amend the definition of “material terms” in Commission regulation 23.500(g) to specifically exclude certain data fields. If adopted, the proposed rule would supersede CFTC Staff Letter 13-31 issued June 26, 2013.
The Commission is seeking comments on the proposed amendment. The comment period ends 60 days after the proposal’s publication in the Federal Register.
- RELATED LINKS
- Federal Register: Proposal to Amend the Definition of “Material Terms” for Purposes of Swap Portfolio Reconciliation
- Statement of Chairman Timothy Massad on the Proposal to Amend the Definition of “Material Terms” for Purposes of Swap Portfolio Reconciliation
- Statement of Commissioner J. Christopher Giancarlo on the Proposal to Amend the Definition of “Material Terms” for Purposes of Swap Portfolio Reconciliation
