Derivatives Clearing Organization Risk Management Regulations To Account for the Treatment of Separate Accounts by Futures Commission Merchants

As previously announced by the U.S. Commodity Futures Trading Commission, CFTC, the Commission has now published in the Federal Register its final note to extend the comment period on a proposed rule amendment to 17 CFR Part 39, §39.13. To recall, the CFTC seeks 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 original 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 is now extending the consultation phase up to June 30, 2023.