SEC and CFTC open 60-day comment period on joint portfolio margin proposal

The agencies are seeking feedback on plans to align margining rules across securities, swaps, futures and related positions, signaling closer cross-market regulatory coordination.

Summary

The SEC and CFTC (U.S. derivatives regulator) have launched a 60-day public comment period on a joint proposal to align portfolio margining rules across securities, swaps, futures and related positions. The move points to deeper coordination between the two U.S. market regulators on how margin requirements are applied across linked products and trading venues.

Terms & Concepts
  • portfolio margining: Risk-based method for setting margin across positions.
  • swaps: Derivatives contracts that exchange cash flows.
  • margin: Collateral traders post to cover potential losses.