Federal Register, Volume 77 Issue 129 (Thursday, July 5, 2012)[Federal Register Volume 77, Number 129 (Thursday, July 5, 2012)]
[Rules and Regulations]
[Pages 39626-39627]
From the Federal Register Online via the Government Printing Office [www.gpo.gov]
[FR Doc No: 2012-16409]
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COMMODITY FUTURES TRADING COMMISSION
17 CFR Part 1
RIN 3038-AD06
SECURITIES AND EXCHANGE COMMISSION
17 CFR Part 240
[Release No. 34-66868A; File No. S7-39-10]
RIN 3235-AK65
Further Definition of ``Swap Dealer,'' ``Security-Based Swap
Dealer,'' ``Major Swap Participant,'' ``Major Security-Based Swap
Participant'' and ``Eligible Contract Participant''; Correction
AGENCY: Commodity Futures Trading Commission; Securities and Exchange
Commission.
ACTION: Joint final rule; joint interim final rule; interpretations;
correction.
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SUMMARY: The Commodity Futures Trading Commission and Securities and
Exchange Commission are correcting final rules that appeared in the
Federal Register of May 23, 2012 (77 FR 30596). The rules further
defined the terms ``swap dealer,'' ``security-based swap dealer,''
``major swap participant,'' ``major security-based swap participant''
and ``eligible contract participant.'' Only the rules of the Commodity
Futures Trading Commission are subject to this correction. This
document also corrects a footnote in the Supplementary Information
accompanying the final rules.
DATES: Effective July 23, 2012.
FOR FURTHER INFORMATION CONTACT:
CFTC: Jeffrey P. Burns, Assistant General Counsel, at 202-418-5101,
[email protected], Mark Fajfar, Assistant
[[Page 39627]]
General Counsel, at 202-418-6636, [email protected], Julian E. Hammar,
Assistant General Counsel, at 202-418-5118, [email protected], or David
E. Aron, Counsel, at 202-418-6621, [email protected], Office of General
Counsel; Gary Barnett, Director, at 202-418-5977, [email protected], or
Frank Fisanich, Deputy Director, at 202-418-5949, [email protected],
Division of Swap Dealer and Intermediary Oversight, Commodity Futures
Trading Commission, Three Lafayette Centre, 1155 21st Street NW.,
Washington, DC 20581;
SEC: Joshua Kans, Senior Special Counsel, Richard Grant, Special
Counsel, or Richard Gabbert, Attorney Advisor, at 202-551-5550,
Division of Trading and Markets, Securities and Exchange Commission,
100 F Street NE., Washington, DC 20549-7010.
SUPPLEMENTARY INFORMATION: In FR Doc. 2012-10562 appearing on page
30596 in the Federal Register of Wednesday, May 23, 2012, the following
corrections are made.
0
1. On page 30685, in the third column, in footnote 1094, the words
``CFTC Regulation Sec. 1.3(mmm)(2);'' are removed.
Sec. 1.3 [Corrected]
0
2. On page 30745, in the second column, correct paragraph
(ggg)(4)(ii)(D) to read as follows:
Sec. 1.3 Definitions.
* * * * *
(ggg) * * *
(4) * * *
(ii) * * *
(D) If the phase-in termination date has not been previously
established pursuant to paragraph (ggg)(4)(ii)(C) of this section, then
in any event the phase-in termination date shall occur five years after
the date that a swap data repository first receives swap data in
accordance with part 45 of this chapter.
* * * * *
0
3. On page 30747, in the third column, correct paragraph
(hhh)(6)(iii)(B)(2) to read as follows:
Sec. 1.3 Definitions.
* * * * *
(hhh) * * *
(6) * * *
(iii) * * *
(B) * * *
(2) The sum of the amount calculated under paragraph
(hhh)(6)(iii)(B)(1) of this section and the product of the total
effective notional principal amount of the person's swap positions in
all major swap categories multiplied by 0.15 is less than $1 billion.
* * * * *
0
4. On page 30749, in the third column, correct paragraph
(jjj)(3)(iii)(A) to read as follows:
Sec. 1.3 Definitions.
* * * * *
(jjj) * * *
(3) * * *
(iii) * * *
(A) Potential outward exposure equals the potential exposure that
would be attributed to such positions using the procedures in paragraph
(jjj)(3)(ii) of this section multiplied by:
(1) 0.1, in the case of positions cleared by a registered or exempt
clearing agency or derivatives clearing organization; or
(2) 0.2, in the case of positions that are subject to daily mark-
to-market margining but that are not cleared by a registered or exempt
clearing agency or derivatives clearing organization.
* * * * *
Dated: June 29, 2012.
Commodity Futures Trading Commission.
David A. Stawick,
Secretary.
Dated: June 29, 2012.
Securities and Exchange Commission.
Elizabeth M. Murphy,
Secretary.
[FR Doc. 2012-16409 Filed 7-3-12; 8:45 am]
BILLING CODE 8011-01-P; 6351-01-P
Last Updated: July 5, 2012