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CFTC Postpones Enforcement for Collateral Rule

U.S. swaps regulator gives grace period until Sept. 1 amid concerns the rule's March 1 deadline would cause disruptions.

By Gregory Mott, Bloomberg | Updated on February 14, 2017

The U.S. Commodity Futures Trading Commission says it will give swaps dealers more time to comply with collateral requirements scheduled to take effect March 1, aiming to ease concerns that global markets could face disruptions without a transition period.

In a no-action letter issued Monday, the CFTC said that from March 1 through Sept. 1, it will not recommend enforcement action against dealers for failing to comply with the new rules. The action doesn’t delay the effective date, but simply gives market participants a grace period, the agency said in a statement.

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