CFTC Issues Six-Month No-Action Transition for Variation Margin Requirements with March 1, 2017 Compliance Date
On February 13, 2017, the U.S. Commodity Futures Trading Commission’s Division of Swap Dealer and Intermediary Oversight issued a no-action letter providing relief until September 1, 2017 to registered swap dealers for non-compliance with CFTC variation margin requirements for uncleared swaps that have a compliance date of March 1, 2017.