Data / Federal rules / 2024-10342
Capital and Financial Reporting Requirements for Swap Dealers and Major Swap Participants
The Commodity Futures Trading Commission published this final rule in the Federal Register on May 23, 2024. It took effect on June 24, 2024.
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What the agency says
The Commodity Futures Trading Commission ("Commission" or "CFTC") is adopting amendments to 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 is adopting amendments consistent with previously issued staff letters addressing the Tangible Net Worth Capital Approach for calculating capital under the applicable Commission regulation and alternative financial reporting by SDs subject to the capital requirements of a prudential regulator. The Commission is also adopting amendments to 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 amendments are intended to facilitate SDs' compliance with the Commission's financial reporting obligations and minimum capital requirements.
Key facts
- Document number
- 2024-10342
- Type
- Final rule
- Action
- Final rule
- Agency
- Commodity Futures Trading Commission
- Published
- May 23, 2024
- Takes effect
- June 24, 2024
- Dates
- Effective date: This rule is effective June 24, 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
- 26
Other documents from the Commodity Futures Trading Commission
| Document | Type | Published |
|---|---|---|
| Further Definition of “Swap”-Inclusions 2026-21377 | Proposed rule | Oct 19 |
| Further Definition of “Swap” To Exclude Casino-Style Gambling Products 2026-21376 | Final rule | Oct 19 |
| 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 May 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.