WASHINGTON (MNI) – Following is the text of an announcement
Thursday by the Federal Reserve of an extension of the comment period on
a proposed rule on swap margin and capital requirements to July 11 from
June 24:
Agencies Extend Comment Period on Swap Margin and Capital Proposed
Rulemaking Five federal agencies have approved and will submit a Federal
Register notice that extends the comment period on a proposed rule to
establish margin and capital requirements for swap dealers, major swap
participants, security-based swap dealers, and major security-based swap
participants as required by the Dodd-Frank Wall Street Reform and
Consumer Protection Act.
The comment period was extended to July 11, 2011, to allow
interested persons more time to analyze the issues and prepare their
comments. Originally, comments were due by June 24, 2011.
The proposal was issued by the Federal Reserve Board, the Farm
Credit Administration, the Federal Deposit Insurance Corporation, the
Federal Housing Finance Agency, and the Office of the Comptroller of the
Currency.
** Market News International Washington Bureau: 202-371-2121 **
[TOPICS: M$U$$$,MMUFE$,MGU$$$,MFU$$$]
