Publication of swap definitions triggers countdown to compliance deadline
The publication of swap definitions earlier this week initiates a 60-day countdown for compliance to key parts of the Dodd-Frank Act
The publication of swap definitions in the US Federal Register this week means key parts of the Dodd-Frank Act will come into force on October 12.
Under Dodd-Frank legislation, certain rules are required to be implemented 60 days after the publication of swap definitions in the Federal Register. The publication of the 158-page swap definition document on August 13 means new swap dealer registration rules will come into effect in October – requiring firms with more than $8 billion in annual swap
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