Swaps Review Regulation - Comment Letter - Alternative Investment Management Association - December 23, 2010

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Gavel.png FINAL RULE: This page refers to the proposed rulemaking on the review process for swaps for mandatory clearing. The CFTC final rule was issued at its July 19 open meeting.
Dodd-Frank Timeline, Process for Review of Swaps for Mandatory Clearing
Final Rule Issue Effective Date Compliance Date
November 2, 2010 September 26, 2011 September 26, 2011

Process for Review of Swaps for Mandatory Clearing
Decemeber 23, 2010

From the comment letter:

"The Alternative Investment Management Association (‘AIMA’) appreciates the Commodity Futures Trading Commission’s (the 'Commission') invitation to comment on the proposed rulemaking in relation to the process for the review of swaps for mandatory clearing, implementing Title VII of the Dodd-Frank Wall Street Reform and Consumer Protection Act (the 'Dodd-Frank Act').

"An important element of such implementation will be a workable regime for reviewing which swaps should be subject to the mandatory clearing requirements, and we are keen to ensure that as many swaps are possible are subject to the clearing requirements, to increase the risk-reducing benefits of the regime, but that categories of swaps are not required to be cleared if they would increase risks at derivative clearing organisations ('DCOs') and thus create new risks to financial stability."


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