Tag Archives: de minimis

Letters to Regulators: AFR sent a letter to the U.S. Commodity Futures Trading Commission criticizing a new de minimis threshold proposal

The de minimis exemption is a critical element of the swap dealer rule, as it determines which swap dealers will actually be designated as regulated swap dealers and subject to formal dealer oversight. This CFTC proposal addresses a wide range of issues surrounding this exemption.

AFR Statement: Delaying the lowering of de minimis threshold hurts oversight, protections for counterparties

We are deeply disappointed that CFTC Chair Massad has delayed by one year the lowering of the “de minimis” threshold that requires Swap Dealers to register with the Commission. The decision by the Chair means that many derivatives business will continue to operate for two more years without the new oversight Congress mandated they receive.