In remarks dated Feb. 26, 2015 from CFTC Chairman Timothy G. Massad before the Coalition for Derivatives End-Users, he referred to exemptions for end-users (provided for in last year's rulemakings involving margining of uncleared swaps) proposed by the CFTC and also by the prudential regulators. He also stated that "...in light of the passage of the margin provisions in the TRIA bill, we are working to implement these statutory end-user margin protections quickly through an interim final rule, as Congress intended.".
Presumably (and hopefully) this reference to TRIA (i.e., Terrorism Risk Insurance Program Reauthorization Act of 2015) and an interim final rule means that such a rulemaking pursuant to Section 303(2) of TRIA will address the discretionary concerns in the CFTC's current proposed margin rules as were identified by this blog last month (see post here).
The text of the Chairman's remarks are available here. The press release from the Coalition for Derivatives End-Users, who hosted the event where the remarks were made, is available here.
It is noted that the remarks on the CFTC's website are dated today (Feb. 26, 2015), and the press release from the Coalition (also dated as of today) refers to a 2 day summit. The Chairman is a busy man. He was at today's Energy and Environmental Markets Advisory Committee meeting sponsored by Commissioner J. Christopher Giancarlo at the CFTC, which ran from 10:00 a.m. to about 4:00 p.m.