U.S. – CFTC Dealer De Minimis Limit

U.S. – CFTC Dealer De Minimis Limit

On 5 November 2018, CFTC issued final rules amending swap dealer de minimis exception.

  • Statements by Chair Giancarlo, Commissioners Quintenz, Behnam, Stump, Berkovitz.
  • Fact sheet: adopting permanent $8bn de minimis exception to swap dealer definition.
  • Whether or not swap involves a registered swap dealer as a counterparty, it must still comply with CFTC requirement on mandatory clearing, trade execution and reporting.