Page 21 - 期貨和衍生品行業(yè)監(jiān)管動(dòng)態(tài)(2024年7月刊)
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期貨和衍生品行業(yè)監(jiān)管動(dòng)態(tài)
four comparability determinations and related comparability orders granting
conditional substituted compliance in connection with the CFTC’s capital and
financial reporting requirements to certain CFTC-registered nonbank swap dealers
organized and domiciled in Japan, Mexico, the European Union (France and
Germany), or the United Kingdom.
Pursuant to the orders, non-U.S. nonbank swap dealers subject to prudential
regulation by the Financial Services Agency of Japan, the National Banking and
Securities Commission of Mexico and the Mexican Central Bank, the European
Central Bank, or the United Kingdom Prudential Regulation Authority may satisfy
certain Commodity Exchange Act capital and financial reporting requirements by
being subject to, and complying with, comparable capital and financial reporting
requirements under the respective foreign jurisdiction’s laws and regulations, subject
to specified conditions.
The comparability orders will become effective upon their publication in the
Federal Register. For several order conditions imposing new obligations on non-U.S.
nonbank swap dealers, the CFTC is granting an additional compliance period of 180
calendar days.
To rely on a comparability order, an eligible non-U.S. nonbank swap dealer must
notify the CFTC of its intention to satisfy the CFTC’s capital and financial
requirements by substituted compliance. The non-U.S. nonbank swap dealer may not
apply substituted compliance until it receives confirmation from CFTC staff that the
swap dealer may do so. The notice of intent must include certain representations
enumerated in the respective order’s conditions and must be submitted to the
following address: MPDFinancialRequirements@cftc.gov.
https://www.cftc.gov/PressRoom/PressReleases/8925-24
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