{"id":5558,"date":"2013-11-30T00:00:00","date_gmt":"2013-11-30T06:00:00","guid":{"rendered":"https:\/\/institutionalinvestorsecuritiesblog.blawgcloud.com\/2013\/11\/cftc_in_action_agency_adopts_r"},"modified":"2022-05-05T11:55:36","modified_gmt":"2022-05-05T16:55:36","slug":"cftc-in-action-agency-adopts-r","status":"publish","type":"post","link":"https:\/\/www.investorlawyers.com\/blog\/cftc-in-action-agency-adopts-r\/","title":{"rendered":"CFTC in Action: Agency Adopts Rules on SIDCOs, Reissues Relief for Contemporaneous Swaps Documentation Requirements, &#038; Its Chair Gensler Praises Swaps Markets"},"content":{"rendered":"<p><strong>CFTC Adopts Systemically Important Designated Clearing Organization Rules<\/strong><\/p>\n<p>The US Commodity Futures Trading Commission has adopted its final rules regarding systemically important designated clearing organizations. The new SIDCO rules line up CFTC regulations to with the Principles for Financial Market Infrastructures set up by the International Organization of Securities Commissions and the Bank for International Settlements.<\/p>\n<p>Per the rules, SIDCOs can remain Qualifying Central Counterparties (QCCPs) for international bank capital standard purposes. The rules come with substantive requirements having to do with financial resources, governance, system safeguards, special default rules and procedures for shortfalls or losses that are not covered, disclosure requirements, risk management, efficiency, and recovery and wind-down procedures. The rules also tackle the procedures through which derivatives clearing organizations besides SIDCOs can choose to become subject to additional standards so they can also be considered QCCPs.<\/p>\n<div class=\"read_more_link\"><a href=\"https:\/\/www.investorlawyers.com\/blog\/cftc-in-action-agency-adopts-r\/\"  title=\"Continue Reading CFTC in Action: Agency Adopts Rules on SIDCOs, Reissues Relief for Contemporaneous Swaps Documentation Requirements, &#038; Its Chair Gensler Praises Swaps Markets\" class=\"more-link\">Continue Reading \u203a<\/a><\/div>\n","protected":false},"excerpt":{"rendered":"<p>CFTC Adopts Systemically Important Designated Clearing Organization Rules The US Commodity Futures Trading Commission has adopted its final rules regarding systemically important designated clearing organizations. The new SIDCO rules line up CFTC regulations to with the Principles for Financial Market Infrastructures set up by the International Organization of Securities Commissions and the Bank for International [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"jetpack_post_was_ever_published":false,"footnotes":""},"categories":[3810,3972],"tags":[],"class_list":["post-5558","post","type-post","status-publish","format-standard","hentry","category-cftc","category-swap-transactions"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.4 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>CFTC in Action: Agency Adopts Rules on SIDCOs, Reissues Relief for Contemporaneous Swaps Documentation Requirements, &amp; Its Chair Gensler Praises Swaps Markets &#8212; Investor Lawyers Blog &#8212; November 30, 2013<\/title>\n<meta name=\"description\" content=\"CFTC Adopts Systemically Important Designated Clearing Organization Rules The US Commodity Futures Trading Commission has adopted its final rules &#8212; November 30, 2013\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.investorlawyers.com\/blog\/cftc-in-action-agency-adopts-r\/\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:title\" content=\"CFTC in Action: Agency Adopts Rules on SIDCOs, Reissues Relief for Contemporaneous Swaps Documentation Requirements, &amp; Its Chair Gensler Praises Swaps Markets &#8212; Investor Lawyers Blog &#8212; November 30, 2013\" \/>\n<meta name=\"twitter:description\" content=\"CFTC Adopts Systemically Important Designated Clearing Organization Rules The US Commodity Futures Trading Commission has adopted its final rules &#8212; November 30, 2013\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Shepherd Smith Edwards &amp; Kantas, LLP\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"3 minutes\" \/>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"CFTC in Action: Agency Adopts Rules on SIDCOs, Reissues Relief for Contemporaneous Swaps Documentation Requirements, & Its Chair Gensler Praises Swaps Markets &#8212; 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