On September 26, five federal agencies, including the Federal Deposit Insurance Corporation, The Office of the Comptroller of the Currency and the Board of Governors of the Federal Reserve System, the Farm Credit Administration and the Federal Housing Finance Agency, reopened 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 for which one of the agencies is the prudential regulator, pursuant to sections 731 and 764 of the Dodd-Frank Wall Street Reform and Consumer Protection Act. The comment period—which originally ended July 11, 2011—was reopened until November 26, 2012, “to allow interested persons more time to analyze the issues and prepare their comments in light of the consultative document on margin requirements for noncentrally-cleared derivatives recently published for comment by the Basel Committee on Banking Supervision and the International Organization of Securities Commissions.”
