Letters

Uncleared Swap Margin March 1 Variation Margin Requirements

Summary

The SIFMA Asset Management Group (SIFMA AMG) and the Investment Adviser Association (IAA) submitted a follow-up letter regarding its request for a transitional period for variation margin implementation. The letter provides additional information in support of AMG’s December 16, 2016 letter requesting six-month transitional relief from the March 1 variation margin requirements and additional transitional relief for foreign exchange (FX) clients.

This letter was submitted to:

  • Board of Governors of the Federal Reserve System
  • Commodity Futures Trading Commission
  • European Banking Authority
  • European Commission
  • European Insurance and Occupational Pensions Authority
  • European Securities and Markets Authority
  • Farm Credit Administration
  • Federal Deposit Insurance Corporation
  • Federal Housing Finance Agency
  • Japan Financial Services Agency
  • Office of the Comptroller of the Currency
  • UK Financial Conduct Authority
PDF

Submitted By

SIFMA AMG and IAA

Date

24

January

2017