{"abstract":"The Commodity Futures Trading Commission (\"Commission\" or \"CFTC\") is adopting regulations to implement a particular provision of the Commodity Exchange Act (\"CEA\"), as added by the Dodd-Frank Wall Street Reform and Consumer Protection Act (\"Dodd-Frank Act\"). This provision requires the Commission to adopt initial and variation margin requirements for certain swap dealers (\"SDs\") and major swap participants (\"MSPs\"). The final rules would establish initial and variation margin requirements for SDs and MSPs but would not require SDs and MSPs to collect margin from non-financial end users. The Commission is also adopting and inviting comment on an interim final rule that will exempt certain uncleared swaps with certain counterparties from these margin requirements. This interim final rule implements Title III of the Terrorism Risk Insurance Program Reauthorization Act of 2015 (\"TRIPRA\"), which exempts from the margin rules for uncleared swaps certain swaps for which a counterparty qualifies for an exemption or exception from clearing under the Dodd- Frank Act.","action":"Final rule and interim final rule.","agencies":[{"raw_name":"COMMODITY FUTURES TRADING COMMISSION","name":"Commodity Futures Trading Commission","id":77,"url":"https://www.federalregister.gov/agencies/commodity-futures-trading-commission","json_url":"https://www.federalregister.gov/api/v1/agencies/77","parent_id":null,"slug":"commodity-futures-trading-commission"}],"body_html_url":"https://www.federalregister.gov/documents/full_text/html/2016/01/06/2015-32320.html","cfr_references":[{"chapter":null,"citation_url":null,"part":23,"title":17},{"chapter":null,"citation_url":null,"part":140,"title":17}],"citation":"81 FR 636","comment_url":null,"comments_close_on":"2016-02-05","correction_of":null,"corrections":[],"dates":"The rules will become effective April 1, 2016. Comments on the interim final rule (Sec. 23.150(b)) must be received on or before February 5, 2016.","disposition_notes":null,"docket_ids":[],"dockets":[],"document_number":"2015-32320","effective_on":"2016-04-01","end_page":709,"executive_order_notes":null,"executive_order_number":null,"explanation":null,"full_text_xml_url":"https://www.federalregister.gov/documents/full_text/xml/2016/01/06/2015-32320.xml","html_url":"https://www.federalregister.gov/documents/2016/01/06/2015-32320/margin-requirements-for-uncleared-swaps-for-swap-dealers-and-major-swap-participants","images":{},"images_metadata":{},"json_url":"https://www.federalregister.gov/api/v1/documents/2015-32320?publication_date=2016-01-06","mods_url":"https://www.govinfo.gov/metadata/granule/FR-2016-01-06/2015-32320/mods.xml","not_received_for_publication":null,"page_length":74,"page_views":{"count":6507,"last_updated":"2026-04-04 10:15:04 -0400"},"pdf_url":"https://www.govinfo.gov/content/pkg/FR-2016-01-06/pdf/2015-32320.pdf","presidential_document_number":null,"proclamation_number":null,"public_inspection_pdf_url":"https://public-inspection.federalregister.gov/2015-32320.pdf?1452001519","publication_date":"2016-01-06","raw_text_url":"https://www.federalregister.gov/documents/full_text/text/2016/01/06/2015-32320.txt","regulation_id_number_info":{"3038-AC97":{"issue":"201604","html_url":"https://www.federalregister.gov/regulations/3038-AC97/margin-requirements-for-uncleared-swaps-for-swap-dealers-and-major-swap-participants","title":"Margin Requirements for Uncleared Swaps for Swap Dealers and Major Swap Participants","xml_url":"http://www.reginfo.gov/public/do/eAgendaViewRule?pubId=201604&RIN=3038-AC97&operation=OPERATION_EXPORT_XML","priority_category":"Substantive, Nonsignificant"}},"regulation_id_numbers":["3038-AC97"],"regulations_dot_gov_info":{"comments_count":0,"agency_id":"CFTC","document_id":"CFTC-2016-0001-0001","checked_regulationsdotgov_at":"2023-02-28T21:30:26Z"},"regulations_dot_gov_url":null,"significant":false,"signing_date":null,"start_page":636,"subtype":null,"title":"Margin Requirements for Uncleared Swaps for Swap Dealers and Major Swap Participants","toc_doc":"Margin Requirements for Uncleared Swaps for Swap Dealers and Major Swap Participants","toc_subject":null,"topics":["Authority delegations (Government agencies)","Organization and functions (Government agencies)","Swaps"],"type":"Rule","volume":81}