On October 30 2015 the Farm Credit Administration, the Federal Deposit Insurance Corporation (FDIC), the Federal Housing Finance Agency, the Federal Reserve Board and the Office of the Comptroller of the Currency (OCC) jointly issued a final rule establishing margin requirements for uncleared swaps. The FDIC and OCC previously approved the final rule on October 22 2015. The rule will apply to swap dealers, security-based swap dealers, major swap participants and major security-based swap participants supervised by the aforementioned agencies and registered with the US Commodity Futures Trading Commission or the Securities and Exchange Commission.

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