2011-10880
Federal Register, Volume 76 Issue 92 (Thursday, May 12, 2011)[Federal Register Volume 76, Number 92 (Thursday, May 12, 2011)]
[Proposed Rules]
[Pages 27621-27622]
From the Federal Register Online via the Government Printing Office [www.gpo.gov]
[FR Doc No: 2011-10880]
=======================================================================
-----------------------------------------------------------------------
COMMODITY FUTURES TRADING COMMISSION
17 CFR Part 23
RIN 3038-AC97
Margin Requirements for Uncleared Swaps for Swap Dealers and
Major Swap Participants
AGENCY: Commodity Futures Trading Commission.
ACTION: Extension of comment period.
-----------------------------------------------------------------------
SUMMARY: On April 28, 2011, the Commodity Futures Trading Commission
(``Commission'' or ``CFTC'') published in the Federal Register a notice
of proposed rulemaking that would establish initial and variation
margin requirements for swap dealers (SDs) and major swap participants
(MSPs). Elsewhere today in the Federal Register, the Commission is
proposing to adopt capital, financial reporting, and recordkeeping
requirements for these same entities, as well as proposing to amend
certain capital requirements for futures commission merchants (FCMs)
that also register as SDs or MSPs and supplemental capital
requirements, and supplemental financial reporting requirements for
these FCMs. The Commission now is extending the comment period for the
proposed margin regulations so that the comment period will run
concurrently with the comment period for the proposed rulemaking on
capital requirements being published today.
DATES: Comments must be received on or before July 11, 2011.
ADDRESSES: You may submit comments, identified by RIN 3038-AC97, and
Margin Requirements for Uncleared Swaps for Swap Dealers and Major Swap
Participants by any of the following methods:
Agency Web site, via its Comments Online process at http://comments.cftc.gov. Follow the instructions for submitting comments
through the Web site.
Mail: Send to David A. Stawick, Secretary, Commodity
Futures Trading Commission, Three Lafayette Centre, 1155 21st Street,
NW., Washington, DC 20581.
Hand Delivery/Courier: Same as mail above.
Federal eRulemaking Portal: http://www.regulations.gov.
Follow the instructions for submitting comments.
Please submit your comments using only one method. Additionally, to
ease the burden to commenters, you may submit comments that address
both the capital and the margin rulemakings to only one of the
respective public comment files and they will be considered by the
Commission in both rulemakings, if appropriate to both.
All comments must be submitted in English, or if not, accompanied
by an English translation. Comments will be posted as received to
http://www.cftc.gov. You should submit only information that you wish
to make available publicly. If you wish the Commission to consider
information that may be exempt from disclosure under the Freedom of
Information Act, a petition for confidential treatment of the exempt
information may be submitted according to the established procedures in
Sec. 145.9 of the Commission's regulation, 17 CFR 145.9.
The Commission reserves the right, but shall have no obligation, to
review, pre-screen, filter, redact, refuse or remove any or all of your
submission from http://www.cftc.gov that it may deem to be
inappropriate for publication, such as obscene language. All
submissions that have been redacted or removed that contain comments on
the merits of the rulemaking will be retained in the public comment
file and will be considered as required under the Administrative
Procedure Act and other applicable laws, and may be accessible under
the Freedom of Information Act.
FOR FURTHER INFORMATION CONTACT: John C. Lawton, Deputy Director,
Thomas Smith, Deputy Director, or Thelma Diaz, Associate Director,
Division of Clearing and Intermediary Oversight, 1155 21st Street, NW.,
Washington, DC 20581. Telephone number: 202-418-5480 and electronic
mail: [email protected]; [email protected]; or [email protected].
SUPPLEMENTARY INFORMATION: On April 28, 2011 the Commission published
in the Federal Register a notice of proposed rulemaking that would
establish initial and variation margin requirements for swap dealers
(SDs) and major swap participants (MSPs). Elsewhere today in the
Federal Register, the Commission is proposing to adopt capital,
financial reporting, and recordkeeping requirements for SDs and MSPs,
as well as proposing to amend certain capital requirements for futures
commission merchants (FCMs) that also register as SDs or MSPs, as well
as supplemental financial reporting requirements for these FCMs.
Because the proposed capital and margin rulemakings are
interrelated, the Commission now is extending the comment period for
the proposed margin regulations so that the comment periods of each
proposed rulemaking will run concurrently. The extension period will
provide commenters with a full opportunity to review each of the
proposed rulemakings together before commenting on either. As noted
above, the Commission additionally has determined to give full
consideration to all comments on each of the proposed rulemakings,
whether comment letters that address both rulemakings are submitted to
the comment file of the capital or the margin rulemaking.
Issued in Washington, DC, this 27th day of April 2010, by the
Commission.
David A. Stawick,
Secretary of the Commission.
Note: The following appendices will not appear in the Code of
Federal Regulations.
[[Page 27622]]
Appendices to Margin Requirements for Uncleared Swaps for Swap Dealers
and Major Swap Participants; Extension of Comment Period--Commission
Voting Summary and Statements of Commissioners
Appendix 1--Commission Voting Summary
On this matter, Chairman Gensler and Commissioners Dunn, Sommers,
Chilton and O'Malia voted in the affirmative; no Commissioner voted in
the negative.
[FR Doc. 2011-10880 Filed 5-11-11; 8:45 am]
BILLING CODE 6351-01-P
Last Updated: May 12, 2011