Federal Register #S7-2026-23

Joint Regulatory Request for Comment on Portfolio Margining and Cross-Margining

This opportunity is a joint regulatory request for comment from the Commodity Futures Trading Commission (CFTC) and the Securities and Exchange Commission (SEC) regarding portfolio margining and cross-margining of securities and derivatives. - Government Buyer: - Commodity Futures Trading Commission (CFTC) - Securities and Exchange Commission (SEC) - No OEMs or vendors are mentioned, as this is not a procurement action. - No products or services are being requested; this is a regulatory inquiry. - Key topics for comment include: - Impacts on margin requirements and regulatory capital - Segregation and bankruptcy treatment - Operational challenges in implementing portfolio margining - Expansion of portfolio margining programs - Risk management requirements and customer disclosures - Potential efficiency and competitive impacts - Notable for its focus on regulatory frameworks and market structure, not acquisition of goods or services.

Description

The Commodity Futures Trading Commission (CFTC) and the Securities and Exchange Commission (SEC) jointly request public comment on potential ways to further implement portfolio and cross-margining of securities and derivatives under their jurisdiction. The request seeks input on impacts to margin requirements, segregation and bankruptcy treatment, regulatory capital requirements, and operational challenges. Comments are invited on expanding portfolio margining programs, risk management requirements, and potential efficiency or competitive impacts. The deadline for comments is August 31, 2026.

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