The CFTC extended the comment period until April 1, 2024, for a proposed rule that would require that futures commission merchants and swap dealers establish and maintain an "Operational Resilience Framework."
News & Insights
The CFTC proposed a rule to require that futures commission merchants and swap dealers establish and maintain an "operational resilience framework" focusing on three components: information and technology security, third-party relationships and disruptions to standard business operations.
The CFTC Division of Market Oversight extended no-action relief from the ownership and control reporting requirements for reporting entities.
CFTC Commissioners weighed in on recent cybersecurity and technology developments within the derivatives markets. The issues were considered at the CFTC Technology Advisory Committee Meeting.
The CFTC Market Participants Division extended temporary no-action relief to permit futures commission merchants to invest customer funds in securities that include an adjustable interest rate benchmarked to the Secured Overnight Financing Rate.