CFTC admits it will miss deadline on swap dealer study
A delayed CFTC study is raising questions about an automatic cut to the de minimis threshold for swap dealer registration planned for December 2017
The US Commodity Futures Trading Commission (CFTC) admits it will miss a self-imposed deadline for a study to help it determine where to set the de minimis threshold for swap dealer registration – an issue that is being watched closely by energy companies, which fear a lower threshold could force them to register and face tougher rules.
Under the 2012 rule that laid out the definition of a swap dealer, the CFTC required itself to carry out the study no later than 30 months after companies began
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