Sec. 311. End-user margin requirements

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Section 4s(e) of the Commodity Exchange Act ( 7 U.S.C. 6s(e) ) is amended by adding at the end the following new paragraph: The requirements of paragraphs (2)(A)(ii) and (2)(B)(ii), including the initial and variation margin requirements imposed by rules adopted pursuant to paragraphs (2)(A)(ii) and (2)(B)(ii), shall not apply to a swap in which a counterparty qualifies for an exception under section 2(h)(7)(A), or an exemption issued under section 4(c)(1) from the requirements of section 2(h)(1)(A) for cooperative entities as defined in such exemption, or satisfies the criteria in section 2(h)(7)(D). .

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U.S. Code

Registration and regulation of swap dealers and major swap participants
§ 6s

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Sec. 311

End-user margin requirements

U.S.C.§ 6s

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