Final CFTC Rule Supports Market Efficiency

Washington, DC; July 14, 2026—ICI President and CEO Eric J. Pan issued the following statement regarding the Commodity Futures Trading Commission’s (CFTC) final rule amending margin requirements for uncleared swaps.

“ICI welcomes the CFTC's approval of this final rule, which thoughtfully modernizes the margin framework for uncleared swaps while maintaining strong risk management standards. By providing targeted relief for seeded funds and expanding margin eligible collateral, the Commission has helped address unnecessary regulatory friction and support more efficient capital allocation. We appreciate that the Commission has incorporated ICI’s recommendations supporting responsible financial innovation and market resilience. This balanced approach strengthens the competitiveness of US derivatives markets while maintaining important safeguards for market participants and will help our members as they continue to serve American investors.”