Insights & Publications
Diversity & Inclusion
© 2021 Debevoise & Plimpton LLP
CFTC Comparability Determinations and No-Action Relief for Certain Foreign Swap Dealers and Major Swap Participants
24 December 2013
On December 20, the CFTC issued comparability determinations for a number of “entity-level” business conduct rules for non-US swap dealers and major swap participants in Australia, Canada, the European Union, Hong Kong, Japan and Switzerland. These determinations will permit the covered non-US swap dealers and major swap participants to use compliance with their home jurisdiction as a substitute for compliance with the relevant CFTC regulations.
The CFTC also issued two no-action letters to allow certain non-US swap dealers and major swap participants to delay their compliance with Parts 45 and 46 reporting requirements with respect to their swaps with certain non-US counterparties and with certain business conduct rules.
Structured Finance & Derivatives
Regional & Other Practices
Finance in Europe
Emilie T. Hsu
UK Modern Slavery Act Transparency Statement
Debevoise Login (2)
Debevoise Women's Review