The CFTC’s Division of Market Oversight (DMO) issued a letter addressing the timeline within which non-clearing member swap dealers must come into compliance with the large swap trader reporting requirements of Part 20 of the CFTC’s regulations. Part 20 establishes large trader reporting requirements for physical commodity swaps and swaptions. Clearing organizations and clearing members are already required to be in compliance with the reporting requirements of Part 20. The letter issued by DMO extends, until March 1, 2013, no-action relief from Part 20 reporting requirements that was granted to non-clearing member swap dealers in CFTC Letter No. 12-04, which was issued by DMO on July 17, 2012. The letter also extends, until September 1, 2013, the additional period of reporting relief that was granted by DMO in CFTC Letter No. 12-04 to non-clearing member swap dealers that satisfy the conditions of Section 20.10(e) [Compliance Schedule] of the CFTC’s regulations.
Cross-Reference(s): CFTC Rule Part 20 [Large Trader Reporting for Physical Commodity Swaps].
See: CFTC Letter 12-51