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e-CFR data is current as of August 6, 2020


12 CFR--PART 237

View Printed Federal Register page 85 FR 39774 in PDF format.

Amendment(s) published July 1, 2020, in 85 FR 39774

Effective Dates: Aug. 31, 2020

9. Section 237.9 is amended by adding paragraph (h) to read as follows:

§237.9   Cross-border application of margin requirements.

*   *   *   *   *

(h)(1) A covered swap entity described in paragraphs (d)(3)(i) and (ii) of this section is not subject to the requirements of §237.3(a) or §237.11(a) for any non-cleared swap or non-cleared security-based swap executed with an affiliate of the covered swap entity; and

(2) For purposes of paragraph (h)(1) of this section, “affiliate” has the same meaning provided in 12 CFR 237.11(d).

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