CFTC Requests Comments on Reporting of Swap Data Elements

The CFTC is seeking comments on its draft technical specifications for swap data reporting. The specifications include eighty enumerated questions posed to commenters that address 120 elements for swap data reporting.

The draft technical specifications include swap data elements that currently are not reportable under CFTC Part 45 and may assist the CFTC in fulfilling its regulatory mandates.

CFTC Chair Timothy Massad stated that creating a system to collect and use data is a "significant project." "This is just one of the many actions the CFTC is taking to ensure accurate and effective data reporting," he said.

Comments are due by February 22, 2016.