Introduction
The CFTC has posted the next final and proposed rules codifying formerly given no action relief and restoring customer information privacy policies and procedures:
- Amendments towards the role 23 Margin Requirements for Uncleared Swaps codifying no action letter relief which included the stability that is european (ESM) to your selection of entities excluded through the concept of economic consumer, and for that reason CFTC margin needs; 1
- Amendments to your right part 160 customer Financial Suggestions Privacy Regulation, correcting a Commission legislation by restoring text which was unintentionally eliminated in a 2011 amendment to incorporate SDs and MSPs towards the a number of entities susceptible to component 160.30 needing entities to consider procedures to shield consumer documents and information; 2 and
- Proposed amendments to role 50 Clearing demands to codify current exemptions through the clearing requirement in section 2(h)(1) for the Commodity Exchange Act (CEA) for swaps joined into by specific main banking institutions, sovereign entities and worldwide banking institutions (IFIs). 3
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