# OTC Derivatives Dealers
> **US Securities and Exchange Commission** · Final rule. · Published 1998-11-03 · Effective 1999-01-04 · 63 FR 59362
## Document
- **Document number:** 98-29007
- **Category:** final-rule
- **Agency:** US Securities and Exchange Commission
- **Federal Register citation:** 63 FR 59362
- **CFR reference:** 17 CFR 200
- **Publication date:** 1998-11-03
- **Effective date:** 1999-01-04
- **Docket:** Release No. 34-40594
## Abstract

The Securities and Exchange Commission is adopting rules and rule amendments under the Securities Exchange Act of 1934 that tailor capital, margin, and other broker-dealer regulatory requirements to a class of registered dealers, called OTC derivatives dealers, that are active in over-the-counter derivatives markets. Registration as an OTC derivatives dealer under these rules is optional and is an alternative to registration as a broker-dealer under the traditional broker-dealer regulatory structure. It is available only to entities that engage in dealer activities in eligible over-the-counter derivative instruments and that meet certain financial responsibility and other requirements. EFFECTIVE DATE: The rules and rule amendments shall become effective on January 4, 1999. FOR FURTHER INFORMATION CONTACT:

## Source
- [Federal Register document](https://www.federalregister.gov/documents/1998/11/03/98-29007/otc-derivatives-dealers)
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