Data / Federal rules / 2023-28649
Capital and Financial Reporting Requirements for Swap Dealers and Major Swap Participants
The Commodity Futures Trading Commission published this proposed rule in the Federal Register on January 16, 2024. Comments closed on February 13, 2024.
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What the agency says
The Commodity Futures Trading Commission ("Commission" or "CFTC") proposes to amend certain of the Commission's regulations that impose minimum capital requirements and financial reporting obligations on swap dealers ("SDs") and major swap participants ("MSPs"). The Commission proposes to do this by codifying parts of staff interpretive letter 21-15 to SDs addressing the Tangible Net Worth Capital Approach for calculating capital under the applicable Commission regulation and no-action letter 21-18 (and its successor no- action letter 23-11) regarding alternative financial reporting by SDs subject to the capital requirements of a prudential regulator (together, "CFTC Letters"). The Commission is also proposing to amend certain of its regulations applicable to SDs, in areas including the required timing of certain notifications, the process for approval of subordinated debt for capital, and the revision of financial reporting forms to conform to the rules. The proposed amendments are intended to make it easier for SDs to comply with the Commission's financial reporting obligations and demonstrate compliance with minimum capital requirements.
Key facts
- Document number
- 2023-28649
- Type
- Proposed rule
- Action
- Proposed rule
- Agency
- Commodity Futures Trading Commission
- Published
- January 16, 2024
- Comments due
- February 13, 2024
- Dates
- Comments must be received on or before February 13, 2024.
- Regulation ID (RIN)
- 3038-AF33
- Code of Federal Regulations
- 17 CFR 23
- Topics
- Reporting and recordkeeping requirements; Swaps
- Significant
- Yes, under Executive Order 12866
- Pages
- 28
Other documents from the Commodity Futures Trading Commission
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|---|---|---|
| Further Definition of “Swap”-Inclusions 2026-21377 | Proposed rule | Oct 19 |
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| Regulation Crypto Asset Transactions and Regulation Crypto Asset Markets 2026-20888 | Proposed rule | Oct 13 |
| Privacy Act Regulations 2026-19290 · significant | Proposed rule | Sep 21 |
| Whistleblower Award Determination 2026-19006 | Final rule | Sep 16 |
| Clearing Requirement Determination Under Section 2(h) of the Commodity Exchange Act for Interest Rate Swaps To Account for CAD and MXN Interest Rate Benchmark Transitions 2026-18212 | Final rule | Sep 8 |
| Form PF; Reporting Requirements for All Filers and Large Hedge Fund Advisers; Further Extension of Compliance Date 2026-18104 | Final rule | Sep 3 |
| Swap Execution Facility Order Book Requirement for Permitted Transactions 2026-17416 | Proposed rule | Aug 26 |
Everything from the Commodity Futures Trading Commission · Rules on reporting and recordkeeping requirements · Rules on swaps · Published in January 2024
Read from the Federal Register API, last updated 2026-10-23. The document on federalregister.gov is the official record; dates and dockets can change through later corrections. Free to reuse with credit to SpecStream under CC BY 4.0.