AI Hallucination Research › Regulators › Major advanced economies › US › CFTC › FCM-MARGIN-ADEQUACY-SEPARATE-ACCOUNTS-REG-1-44

Regulations to Address Margin Adequacy and to Account for the Treatment of Separate Accounts by Futures Commission Merchants (17 CFR § 1.44)

Commodity Futures Trading Commission (CFTC) · published 2025-01-22

Last updated 7 Jun 2026 · Full ledger: Hallucination Register · Parent: CFTC

2
Findings live
2
AI subjects
10
Citation issues
1
Dominant mode count
Research Complete Hallucination findings published
Hallucination Shape
(2 Response Hallucination + 10 Citation Hallucination = 12 Hallucination findings)

Response Hallucination Modes (2 failures)

Misstated Rule 0 Outdated 1 Misattributed 0 Inference Drift 1

Citation Hallucination Modes (10 failures)

Fabricated 0
Pretextual 0
Contradictory 10
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Hallucination findings

2 finding cards across 2 AI Models — covering 2 Response Hallucinations + 10 Citation Hallucinations (12 hallucination failures total). Each card pairs the AI's answer against the authenticated regulator-text excerpt that contradicts it, and flags every AI-cited source as Fabricated / Pretextual / Contradictory.

Model: Claude Opus 4.7 (web search on) · published 2026-06-07 · Outdated
RLB-H-US-CFTC-FCM-MARGIN-ADEQUACY-SEPARATE-ACCOUNTS-REG-1-44-Q001-Opus47
An FCM operations guidance note on Regulation 1.44 margin call timing stated that Appendix A currencies (AUD, CNY, HKD, HUF, ILS, JPY, NZD, SGD, ZAR, TRY) have a one-additional-business-day (T+1) deadline and that all remaining non-USD fiat currencies default to same-day collection. Under §1.44(f)(2), the Appendix A deadline is the end of the second business day after the margin call is issued (T+2, not T+1), and §1.44(f)(3) provides a T+1 default for all other non-USD, non-Canadian-dollar fiat currencies — not same-day. The response collapsed three distinct regulatory tiers into two.
Claude Opus 4.7 (web search on) answered
For margin called in a fiat currency other than USD, the deadline may be extended by up to one additional business day... T+1 should be the default presumption... For all other non-USD currencies, default to same-day (T)
Regulator text says
Payment of margin in currencies listed in appendix A to this part shall be considered in compliance with the requirements of this paragraph (f) if received by the applicable futures commission merchant no later than the end of the second business day after the day on which the margin call is issued.
Verbatim source
R2-REGULATION-17CFR_1_44_eCFR_asof_2026-06-04.pdf — CFTC Regulation 1.44 — foreign currency margin call deadline tier structure
substrate/US/CFTC/FCM-MARGIN-ADEQUACY-SEPARATE-ACCOUNTS-REG-1-44/_raw_manual_substrate/R2-REGULATION-17CFR_1_44_eCFR_asof_2026-06-04.pdf
AI's cited sources
Model: Claude Sonnet 4.6 (web search on) · published 2026-06-07 · Inference Drift
RLB-H-US-CFTC-FCM-MARGIN-ADEQUACY-SEPARATE-ACCOUNTS-REG-1-44-Q001-Sonnet46
Prepare an operational guidance note for a margin team configuring system parameters for CFTC Regulation 1.44 separate account compliance. The note should specify which currencies require same-day margin collection, which receive extended deadlines, and the exact timing requirements for each currency category.
Claude Sonnet 4.6 (web search on) answered
TIER 1 EXTENSION — OTHER NON-USD/CAD FIAT CURRENCIES (T+1, 12:00 p.m. ET) • Deadline: 12:00 p.m. ET on the FIRST U.S. business day after the business day on which the margin call was issued.
Regulator text says
Payment of margin in fiat currencies other than U.S. Dollars, Canadian Dollars, or currencies listed in Appendix A to this part shall be considered in compliance with the requirements of this paragraph (f) if received by the applicable futures commission merchant no later than the end of the business day after the day on which the margin call is issued.
Verbatim source
R2-REGULATION-17CFR_1_44_eCFR_asof_2026-06-04.pdf — CFTC Regulation 1.44 — foreign currency margin call deadline tier structure
substrate/US/CFTC/FCM-MARGIN-ADEQUACY-SEPARATE-ACCOUNTS-REG-1-44/_raw_manual_substrate/R2-REGULATION-17CFR_1_44_eCFR_asof_2026-06-04.pdf
AI's cited sources

Affected audiences

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Stockbrokers / Trading Reps
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Sectors × Departments

Hedge Funds × Operations
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Investment Banking × Legal
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Law Firms × Legal
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Every finding on this page compares an AI subject's account of the rule against the regulator's verbatim text from the regulator's own portal. Both are linked. Each delta, its root causes, and impact analysis are documented and published with immutable Citation IDs.