Federal Register #2026-13182

Joint Request for Comment on Portfolio and Cross-Margining for Securities and Derivatives

This is a joint information request from the Commodity Futures Trading Commission (CFTC) and the Securities and Exchange Commission (SEC) regarding portfolio margining and cross-margining for securities and derivatives. - Government Buyers: - Commodity Futures Trading Commission (CFTC) - Securities and Exchange Commission (SEC) - Purpose: - Request for public comment on further implementation of portfolio margining and cross-margining - Focus on regulatory, operational, and customer protection considerations - Key Topics: - Margin requirements and calculation efficiencies - Segregation and bankruptcy treatment - Regulatory capital requirements - Operational challenges and impacts - Notable Details: - No procurement of products or services is involved - No OEMs, vendors, part numbers, or quantities are specified - The notice is for information gathering and stakeholder feedback only

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 on margin requirements, segregation and bankruptcy treatment, regulatory capital requirements, and operational challenges. The goal is to promote greater efficiencies in margin calculations and reduce collateral requirements while ensuring customer protection and regulatory objectives. Comments are due by August 31, 2026.

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