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CFTC Issues Six-Month No-Action Transition for Variation Margin Requirements with March 1, 2017 Compliance Date

02.15.17
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.