The SEC final rule establishing recordkeeping and financial reporting requirements applicable to broker-dealers and security-based swap dealers was published in the Federal Register. The final rule becomes effective on February 14, 2020.
CFTC Commissioner Brian Quintenz discussed ways in which he believes a lack of transparency during the financial crisis has been addressed by post-crisis reforms requiring data reporting, central clearing, and posting margin.
The CFTC Division of Market Oversight extended previously granted no-action relief to certain non-U.S. swap dealers and major swap participants from certain swap dealer recordkeeping and reporting rules.
The CFTC Division of Market Oversight extended no-action relief to members of ISDA and the Futures Industry Association regarding the masking of certain required identity information in certain non-U.S. jurisdictions.
The CFTC requested comments on proposed changes that would (i) remove indemnification requirements for the use of swap data by other regulators, and (ii) integrate existing advisory guidance on rules concerning the registration and review of exchange disciplinary actions. The request for comments was published in the Federal Register.