Skip to content

Latest final CFTC IM report published

The CFTC have published the final rule extending IM Phase 6 in today’s Federal Register. In response to the COVID-19 pandemic, the final rule extends the Phase 6 deadline by one year to 1 September 2022 and has a retrospective effective date of 9 December 2020. The final rule updates the April 2020 “final” rule which bifurcated the last IM phase. Publication echoes the interim final rule issued by the US Prudential Regulators on 1 July 2020. We still anticipate the official equivalent in the EU, in the form of amendments to the EMIR Margin RTS, the ESA’s draft report is currently awaiting endorsement by the Commission.

Contact Us
Press enter or esc to cancel