October 13, 2016

Commission Approves an Order Regarding Swap Dealer Registration De Minimis Exception

Washington, DC — The U.S. Commodity Futures Trading Commission (Commission) today approved an Order establishing December 31, 2018 as the swap dealer registration de minimis threshold phase-in termination date.

Commission Regulation 1.3(ggg)(4)(ii)(C)(1) provides that the Commission may terminate the December 31, 2017 phase-in termination date and establish a new phase-in termination date by Order. With this approval, the de minimis threshold will remain at $8 billion until December 31, 2018 instead of changing to $3 billion on December 31, 2017. Adopting this Order will provide additional time to consider this critical issue and will provide certainty to market participants. Absent further action by the Commission, the phase-in period would terminate on December 31, 2018, at which time the de minimis threshold will be $3 billion.

Last Updated: October 13, 2016