Five federal regulators yesterday reopened to Nov. 26 the comment period for a proposed rule that would establish minimum margin and capital requirements for uncleared swaps and security-based swaps entered into by swap dealers, major swap participants, security-based swap dealers and major security-based swap participants. The proposed rule would implement Sections 731 and 764 of the Dodd-Frank Act.
The comment period—which originally closed on July 11—was reopened to allow more time to analyze issues and prepare comments after the Basel Committee on Banking Supervision and the International Organization of Securities Commissions published a consultative document on margin requirements for noncentrally cleared derivatives.
Comments are due by November 26, 2012.
Read the comment-period reopening announcement.