CFTC refuses to budge on margin treatment of SMAs

The UK's ring-fencing regime takes effect in January 2019

Robert Mackenzie Smith
Noah Zuss
17 Sep 2019

Tweet
Facebook
LinkedIn
Save this article
Send to
Print this page

The US Commodity Futures Trading Commission (CFTC) has batted away questions about the margin treatment of separately managed accounts (SMAs) and given the industry a year to comply with new standards on ring-fencing.

In a statement released late last week, the CFTC reiterated its stance on guarantees against loss and the withdrawal of excess margin from SMAs, which it first outlined in a letter dated July 10.

“Since that time, we have received questions from industry participants about

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact info@risk.net or view our subscription options here: http://subscriptions.risk.net/subscribe

You are currently unable to print this content. Please contact info@risk.net to find out more.

You are currently unable to copy this content. Please contact info@risk.net to find out more.

You may share this content using our article tools. Printing this content is for the sole use of the Authorised User (named subscriber), as outlined in our terms and conditions - https://www.infopro-insight.com/terms-conditions/insight-subscriptions/

If you would like to purchase additional rights please email info@risk.net

You may share this content using our article tools. Copying this content is for the sole use of the Authorised User (named subscriber), as outlined in our terms and conditions - https://www.infopro-insight.com/terms-conditions/insight-subscriptions/

If you would like to purchase additional rights please email info@risk.net

You already have an account with us*. Sign in below to continue.