The CFTC published in the Federal Register its request for comment regarding swap data recordkeeping and reporting requirements. The request for comment was developed by the newly created CFTC interdivisional staff working group, which is reviewing CFTC swap data reporting rules to make recommendations, resolve reporting challenges and consider data field standardization and consistency in reporting by market participants.
The interdivisional working group – which includes staff from the Division of Market Oversight, the Division of Clearing and Risk, the Division of Swap Dealer and Intermediary Oversight, the Division of Enforcement, the Office of the Chief Economist, the Office of Data and Technology, and the Office of General Counsel – is seeking comments to help determine how swap data reporting and recordkeeping rules are being applied and to determine what clarifications, enhancements or guidance may be appropriate.
The request for comment is limited to Part 45 (“Swap Data Recordkeeping and Reporting Requirements”) and related provisions. Comments must be submitted by May 27, 2014.
See: 79 FR 16689.
Related news: CFTC Announces It Is Requesting Public Comment on Swap Data Reporting Rules (Pre-Fed. Reg.) (March 20, 2014); CFTC Announces Formation of Interdivisional Working Group to Review Regulatory Reporting (January 22, 2014).