Margin and Capital Requirements for Covered Swap Entities; Correction

• Published date: 16 December 2019
• Citation: 84 FR 68326
• Record Number: 2019-26884
• Section: Rules and Regulations
• Court: Farm Credit Administration

Federal Register, Volume 84 Issue 241 (Monday, December 16, 2019)

[Federal Register Volume 84, Number 241 (Monday, December 16, 2019)]
                [Rules and Regulations]
                [Page 68326]
                From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
                [FR Doc No: 2019-26884]
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                FARM CREDIT ADMINISTRATION
                12 CFR Part 624
                [Docket No. 2019-05012]
                RIN 3052-AD34
                Margin and Capital Requirements for Covered Swap Entities;
                Correction
                AGENCY: Farm Credit Administration.
                ACTION: Correcting amendment.
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                SUMMARY: The Farm Credit Administration (FCA or we) is correcting an
                interim final rule that published in the Federal Register on March 19,
                2019, which we jointly issued with four other Agencies. The joint
                interim final rule amended the regulations governing Margin and Capital
                Requirements for Covered Swap Entities to address the status of certain
                non-cleared swaps and non-cleared security-based swaps if the United
                Kingdom withdraws from the European Union without a negotiated
                settlement.
                DATES: Effective on December 16, 2019.
                FOR FURTHER INFORMATION CONTACT: Jeremy R. Edelstein, Associate
                Director, Finance & Capital Market Team, Timothy T. Nerdahl, Senior
                Policy Analyst, Office of Regulatory Policy, Farm Credit
                Administration, 1501 Farm Credit Drive, McLean, VA 22102-5090, (703)
                883-4414, TTY (703) 883-4056; or Richard A. Katz, Senior Counsel,
                Office of General Counsel, Farm Credit Administration, 1501 Farm Credit
                Drive, McLean, VA 22102-5090, (703) 883-4020, TTY (703) 883-4056.
                SUPPLEMENTARY INFORMATION: In FR Doc. 2019-05012 appearing on page 9950
                in the Federal Register on Tuesday, March 19, 2019, Sec. 624.1
                published with two paragraphs designated as (h)(2)(iv). The second
                instance of paragraph (h)(2)(iv) is being redesignated as paragraph
                (h)(2)(vi).
                List of Subjects in 12 CFR Part 624
                 Accounting, Agriculture, Banks, Banking, Capital, Cooperatives,
                Credit, Margin requirements, Reporting and recordkeeping requirements,
                Risk, Rural areas, Swaps.
                 Accordingly, 12 CFR part 624 is corrected by making the following
                correcting amendment:
                PART 624--MARGIN AND CAPITAL REQUIREMENTS FOR COVERED SWAP ENTITIES
                0
                1. The authority citation for part 624 continues to read as follows:
                 Authority: 7 U.S.C. 6s(e), 15 U.S.C. 78o-10(e), 12 U.S.C. 2154,
                12 U.S.C. 2243, 12 U.S.C. 2252, and 12 U.S.C. 2279bb-1.
                Sec. 624.1 [Amended]
                0
                2. Section 624.1 is amended by redesignating the second paragraph
                (h)(2)(iv) as paragraph (h)(2)(vi).
                 Dated: December 10, 2019.
                Dale Aultman,
                Secretary, Farm Credit Administration Board.
                [FR Doc. 2019-26884 Filed 12-13-19; 8:45 am]
                 BILLING CODE 6705-01-P