On November 18, staff from the Commodity Futures Trading Commission’s Division of Swap Dealer and Intermediary Oversight and Office of the Chief Economist issued a preliminary report regarding the swap dealer de minimis exception under the CFTC rules defining “swap dealer.”

The report discusses the potential effects of raising or lowering the de minimis threshold and provides several alternative approaches. The report also discusses the available swap data used when developing estimates of swap dealer activity.

The report is open for public comment until January 17, 2016.

More information is available here.