# Definitions.
**AGENCY:**
Commodity Futures Trading Commission; Securities and Exchange Commission.
**ACTION:**
Joint final rule; joint interim final rule; interpretations; correction.
**SUMMARY:**
The Commodity Futures Trading Commission and Securities and Exchange Commission are correcting final rules that appeared in the *Federal Register* of May 23, 2012 (77 FR 30596). The rules further defined the terms “swap dealer,” “security-based swap dealer,” “major swap participant,” “major security-based swap participant” and “eligible contract participant.” Only the rules of the Commodity Futures Trading Commission are subject to this correction. This document also corrects a footnote in the Supplementary Information accompanying the final rules.
**DATES:**
Effective July 23, 2012.
**FOR FURTHER INFORMATION CONTACT:**
*CFTC:* Jeffrey P. Burns, Assistant General Counsel, at 202-418-5101, *[email protected],* Mark Fajfar, Assistant General Counsel, at 202-418-6636, *[email protected],* Julian E. Hammar, Assistant General Counsel, at 202-418-5118, *[email protected],* or David E. Aron, Counsel, at 202-418-6621, *[email protected],* Office of General Counsel; Gary Barnett, Director, at 202-418-5977, *[email protected],* or Frank Fisanich, Deputy Director, at 202-418-5949, *[email protected],* Division of Swap Dealer and Intermediary Oversight, Commodity Futures Trading Commission, Three Lafayette Centre, 1155 21st Street NW., Washington, DC 20581;
*SEC:* Joshua Kans, Senior Special Counsel, Richard Grant, Special Counsel, or Richard Gabbert, Attorney Advisor, at 202-551-5550, Division of Trading and Markets, Securities and Exchange Commission, 100 F Street NE., Washington, DC 20549-7010.
**SUPPLEMENTARY INFORMATION:**
In FR Doc. 2012-10562 appearing on page 30596 in the *Federal Register* of Wednesday, May 23, 2012, the following corrections are made.
**17 CFR Part 1**
1. On page 30685, in the third column, in footnote 1094, the words “CFTC Regulation § 1.3(mmm)(2);” are removed.
**17 CFR Part 1**
§ 1.3
2. On page 30745, in the second column, correct paragraph (ggg)(4)(ii)(D) to read as follows:
§ 1.3
(ggg) * * *
(4) * * *
(ii) * * *
(D) If the phase-in termination date has not been previously established pursuant to paragraph (ggg)(4)(ii)(C) of this section, then in any event the phase-in termination date shall occur five years after the date that a swap data repository first receives swap data in accordance with part 45 of this chapter.
**17 CFR Part 1**
3. On page 30747, in the third column, correct paragraph (hhh)(6)(iii)(B)( *2* ) to read as follows:
§ 1.3
(hhh) * * *
(6) * * *
(iii) * * *
(B) * * *
( *2* ) The sum of the amount calculated under paragraph (hhh)(6)(iii)(B)( *1* ) of this section and the product of the total effective notional principal amount of the person's swap positions in all major swap categories multiplied by 0.15 is less than $1 billion.
**17 CFR Part 1**
4. On page 30749, in the third column, correct paragraph (jjj)(3)(iii)(A) to read as follows:
§ 1.3
(jjj) * * *
(3) * * *
(iii) * * *
(A) Potential outward exposure equals the potential exposure that would be attributed to such positions using the procedures in paragraph (jjj)(3)(ii) of this section multiplied by:
( *1* ) 0.1, in the case of positions cleared by a registered or exempt clearing agency or derivatives clearing organization; or
( *2* ) 0.2, in the case of positions that are subject to daily mark-to-market margining but that are not cleared by a registered or exempt clearing agency or derivatives clearing organization.
Commodity Futures Trading Commission.
Securities and Exchange Commission.
Dated: June 29, 2012.
David A. Stawick,
Secretary.
Dated: June 29, 2012.
Elizabeth M. Murphy,
Secretary.