Receive our daily newsletter

CFTC Reminds Firms to Keep Filing Those Reports

The CFTC’s Division of Market Oversight ("DMO") issued an advisory regarding the ongoing duty to comply with the timely reporting requirements of CFTC Rule 17.04(a). The CFTC receives, pursuant to Part 17 of its regulations, daily reports on the reportable futures and options positions in all special accounts carried by futures commission merchants, clearing members and foreign brokers. The reports include information pertaining to omnibus accounts. Rule 17.04(a) requires a firm with an omnibus account to report information regarding that account to the futures commission merchant, clearing member or foreign broker with whom the account is established in sufficient time to enable such futures commission merchant, clearing member or foreign broker to submit timely daily reports to the CFTC. DMO has issued an advisory to remind affected parties of their continuing obligations under Rule 17.04(a).

See: No-Action Letter 13-16.

Activities: 
Regulated Entities: 
Body of Law: 
Jurisdiction: