• CFTC Proposes to Expand Mandatory Clearing to Include Additional Classes of Interest Rate Swaps
  • June 20, 2016 | Authors: James M. Cain; Catherine M. Krupka; David T. McIndoe; Mark D. Sherrill; R. Michael Sweeney
  • Law Firm: Eversheds Sutherland (US) LLP - Washington Office
  • On June 9, the Commodity Futures Trading Commission (CFTC) released a notice of proposed rulemaking regarding an expansion of CFTC Regulation 50.4(a). If adopted, additional classes of interest rate swaps will become subject to mandatory clearing pursuant to the Dodd-Frank Act. The proposed rulemaking does not modify the types of entities that are subject to mandatory clearing, namely swap dealers, major swap participants and financial entity end users. Comments in response to the proposal must be received by the CFTC by July 18, 2016.