{"abstract":"The Securities and Exchange Commission is adopting rules and rule amendments under the Securities Exchange Act of 1934 that tailor capital, margin, and other broker-dealer regulatory requirements to a class of registered dealers, called OTC derivatives dealers, that are active in over-the-counter derivatives markets. Registration as an OTC derivatives dealer under these rules is optional and is an alternative to registration as a broker-dealer under the traditional broker-dealer regulatory structure. It is available only to entities that engage in dealer activities in eligible over-the-counter derivative instruments and that meet certain financial responsibility and other requirements. EFFECTIVE DATE: The rules and rule amendments shall become effective on January 4, 1999. FOR FURTHER INFORMATION CONTACT:","action":"Final rule.","agencies":[{"raw_name":"SECURITIES AND EXCHANGE COMMISSION","name":"Securities and Exchange Commission","id":466,"url":"https://www.federalregister.gov/agencies/securities-and-exchange-commission","json_url":"https://www.federalregister.gov/api/v1/agencies/466","parent_id":null,"slug":"securities-and-exchange-commission"}],"body_html_url":"https://www.federalregister.gov/documents/full_text/html/1998/11/03/98-29007.html","cfr_references":[{"chapter":null,"citation_url":null,"part":"200","title":17},{"chapter":null,"citation_url":null,"part":"240","title":17},{"chapter":null,"citation_url":null,"part":"249","title":17}],"citation":"63 FR 59362","comment_url":null,"comments_close_on":null,"correction_of":null,"corrections":[],"dates":"The rules and rule amendments shall become effective on January 4, 1999.","disposition_notes":null,"docket_ids":["Release No. 34-40594","File No. S7-30-97"],"dockets":[],"document_number":"98-29007","effective_on":"1999-01-04","end_page":59434,"executive_order_notes":null,"executive_order_number":null,"full_text_xml_url":null,"html_url":"https://www.federalregister.gov/documents/1998/11/03/98-29007/otc-derivatives-dealers","images":{},"images_metadata":{},"json_url":"https://www.federalregister.gov/api/v1/documents/98-29007?publication_date=1998-11-03","mods_url":"https://www.govinfo.gov/metadata/granule/FR-1998-11-03/98-29007/mods.xml","not_received_for_publication":null,"page_length":73,"page_views":{"count":1199,"last_updated":"2026-07-27 06:15:04 -0400"},"pdf_url":"https://www.govinfo.gov/content/pkg/FR-1998-11-03/pdf/98-29007.pdf","presidential_document_number":null,"proclamation_number":null,"public_inspection_pdf_url":null,"publication_date":"1998-11-03","raw_text_url":"https://www.federalregister.gov/documents/full_text/text/1998/11/03/98-29007.txt","regulation_id_number_info":{"3235-AH16":{"issue":"199810","html_url":"https://www.federalregister.gov/regulations/3235-AH16/otc-derivatives-dealers","title":"OTC Derivatives Dealers","xml_url":"http://www.reginfo.gov/public/do/eAgendaViewRule?pubId=199810&RIN=3235-AH16&operation=OPERATION_EXPORT_XML","priority_category":"Substantive, Nonsignificant"}},"regulation_id_numbers":["3235-AH16"],"regulations_dot_gov_info":{"checked_regulationsdotgov_at":"2011-09-21T12:16:24Z"},"regulations_dot_gov_url":null,"significant":false,"signing_date":null,"start_page":59362,"subtype":null,"title":"OTC Derivatives Dealers","toc_doc":null,"toc_subject":null,"topics":[],"type":"Rule","volume":63}