CFTC Extends Public Comment Period on Proposed Rule to Address the Treatment of Separate Accounts of a Single Beneficial Owner by Clearing Members

The U.S. Commodity Futures Trading Commission, CFTC, has published a press statement concerning its consultation on a proposed rule amendment to 17 CFR Part 39, §39.13 to implement previously issued no-action relief as regards the „Treatment of Separate Accounts of a Single Customer by Clearing Members“ for purposes of initial margin withdrawals (§39.13 (g) 8 iii) (please see EventID 20672 for a detailed description of the proposed amendment). The consultation ran from April 14, 2023 through June 13, 2023.
Specifically, in response to a request by a commenter to permit extra time for analyzing the impacts of the rule amendment, the CFTC announces that it will extend the consultation phase up to June 30, 2023. The corresponding announcement will soon be made in the Federal Register.