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TREAS/OCC RIN: 1557-AE61 Publication ID: Spring 2019 
Title: ●Margin and Capital Requirements for Covered Swap Entities  
Abstract:

The OCC, FRB, FDIC, FCA, and FHFA issued an interim final rule amending their regulations that require swap dealers and security-based swap dealers under the Agencies’ respective jurisdictions to exchange margin with their counterparties for swaps that are not centrally cleared (Swap Margin Rule).  The Swap Margin Rule takes effect under a phased compliance schedule stretching from 2016 through 2020, and the dealers covered by the rule continue to hold swaps in their portfolios that were entered into before the effective dates of the rule.  These swaps are grandfathered from the Swap Margin Rule’s requirements until they expire according to their terms.

 
Agency: Department of the Treasury(TREAS)  Priority: Substantive, Nonsignificant 
RIN Status: First time published in the Unified Agenda Agenda Stage of Rulemaking: Final Rule Stage 
Major: No  Unfunded Mandates: No 
EO 13771 Designation: Independent agency 
CFR Citation: Not Yet Determined     (To search for a specific CFR, visit the Code of Federal Regulations.)
Legal Authority: 7 U.S.C. 6s(e)    12 U.S.C. 1 et seq.    12 U.S.C. 161    12 U.S.C. 481    12 U.S.C. 1818    12 U.S.C. 3907    12 U.S.C. 3909    12 U.S.C. 5412(b)(2)(B)    15 U.S.C. 78o-10(e)   
Legal Deadline:  None
Timetable:
Action Date FR Cite
Interim Final Rule  03/19/2019  84 FR 9940   
Interim Final Rule Effective  03/19/2019 
Interim Final Rule Comment Period End  04/18/2019 
Final Rule  06/00/2019 
Regulatory Flexibility Analysis Required: No  Government Levels Affected: None 
Federalism: No 
Included in the Regulatory Plan: No 
RIN Data Printed in the FR: No 
Agency Contact:
Jamey Basham
Assistant Director
Department of the Treasury
Comptroller of the Currency
Chief Counsel's Office, 400 7th Street SW.,
Washington, DC 20219
Phone:202 649-6277
Email: james.basham@occ.treas.gov

Allison Hester-Haddad
Special Counsel
Department of the Treasury
Comptroller of the Currency
Chief Counsel's Office, 400 7th Street SW.,
Washington, DC 20219
Phone:202 649-7810
Email: allison.hester-haddad@occ.treas.gov