Sec. 356. Capital requirements for non-bank swap dealers
144 words·~1 min read·
/bill/113/hr/4413/ih/section-356A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
Section 4s(e) of the Commodity Exchange Act ( 7 U.S.C. 6s(e) ) is amended— in paragraph (2)(B), by inserting , in consultation with the prudential regulators and the Securities and Exchange Commission, before shall ; and in paragraph (3)(D)— in clause (ii), by striking shall, to the maximum extent practicable, and inserting shall ; and by adding at the end the following: To the extent that swap dealers and major swap participants that are banks are permitted to use financial models approved by the prudential regulators or the Securities and Exchange Commission to calculate minimum capital requirements and minimum initial and variation margin requirements, including the use of non-cash collateral, the Commission shall, in consultation with the prudential regulators and the Securities and Exchange Commission, permit the use of comparable financial models by swap dealers and major swap participants that are not banks. .
Connectionstraces to 1
Traces to 1 document
Citation graph
cites case law
Sec. 356
Capital requirements for non-bank swap dealers
Cites 1Cited by 0 across 0 sources