CFTC Solicits Comments on New Recordkeeping System for LabCFTC
The CFTC requested comments on the new "CFTC-50" system of records, which was established to process information collected from individuals who use LabCFTC.
LabCFTC was launched in May 2017 to address the regulatory challenges of automated trading, and to foster a regulatory environment more receptive to emerging FinTech companies. According to the CFTC, the information collected through CFTC-50 will improve and facilitate engagement with FinTech innovators who are interested in improving the efficiency and effectiveness of the CFTC regulatory framework.
Comments are due by February 1, 2018. The new recordkeeping system is scheduled to go into effect on February 1, 2018.
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