other · IRS · Rule · Published 2013-11-06 · Effective 2013-11-06 · 78 FR 66639
Document
Document number
2013-26575
Federal Register citation
78 FR 66639
CFR reference
26 CFR 1
Type
Rule
Action
Final regulations and removal of temporary regulations.
Category
other
Sub-agency
IRS
Publication date
2013-11-06
Effective date
2013-11-06
Treasury docket
TD 9639
Abstract
This document contains final regulations relating to the transfer or assignment of certain derivative contracts. The final regulations provide guidance to the nonassigning counterparty to a derivative contract and an assignee on certain notional principal contracts that are derivative contracts. The final regulations provide that the nonassigning counterparty does not have an exchange for purposes of Sec. 1.1001-1(a) when certain derivative contracts are transferred or assigned and clarify that the embedded loan rules of Sec. 1.446-3(g)(4) do not apply to such transactions.