CFTC Extends Comment Period for Proposal on Swap Data Recordkeeping and Reporting Requirements

The CFTC extended the comment period until April 11, 2024, for its proposed rule ("NPRM") on real-time public reporting requirements and swap data recordkeeping and reporting requirements.

The amendments, among other things, streamline the requirements for reporting new swaps, define and adopt swap data elements that harmonize with international technical guidance, and reduce reporting burdens for reporting counterparties that are neither SDs nor MSPs.

The NPRM, which was originally published in the Federal Register on December 28, 2023, had been scheduled to expire on February 26, 2024. (See also previous coverage.)