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SIFMA published a new white paper titled "Industry Recommendations for the Creation of a Consolidated Audit Trail (CAT)." The paper presents SIFMA's views on how the CAT system should be organized, provides key principles on operations, structure, governance and scope, and outlines the industry vision of how the CAT system should be implemented and expanded. SIFMA identified eight guiding principles for the development of a CAT system: Elimination of Duplicative Systems and Reporting; Appropriate Flexibility and Scalability; Centralized Administration; Public Transparency and Industry

The Futures Industry Association ("FIA") submitted a letter to the CFTC's division of market oversight seeking limited relief from reporting requirements under CFTC Rules Part 46 ("Swap Data Recordkeeping and Reporting Requirements: Pre-Enactment and Transition Swaps"). The relief would only apply to so-called "contingent" swaps, which are either immediately transformed into futures or terminated as if they had never existed. The relief requested would be available for trades occurring in the contingent EFS and EOO markets for CME Group Clearport and ICE contracts, and for energy swaps

The CFTC's Division of Market Oversight (DMO) issued an Advisory reminding market participants that as per CFTC Rules Parts 43and 45, swap dealers (SDs) were required to begin reporting data regarding equity, foreign exchange and other commodity swaps on February 28, 2013. Additionally, SDs must be in compliance with their reporting obligations with respect to historical swaps in these three asset classes by March 30th. The Advisory also reminds market participants that CFTC Rules Part 43 (Real Time Public Reporting), Part 45 (Swap Data Reporting and Recordkeeping Requirements) and Part 46

In his speech, CFTC Commissioner Scott O'Malia discussed the reasons he chose to abstain from participating in the CFTC's approval of CME Rule 1001. Commissioner O'Malia stated he believes that the CFTC failed to make any meaningful distinction between swap transactions submitted for clearing and those which were entered into on a bilateral basis and not cleared through a derivatives clearing organization. O'Malia also stated his belief that the ambiguity in Part 45 is unacceptable, and that Part 45 must be amended to reconcile its requirements with existing CFTC regulations and industry

The CFTC issued a public letter to the Chicago Mercantile Exchange ("CME") in which it confirmed that CME Rule 1001, which requires that creation and continuation data for swaps cleared by the CME, as clearing organization, shall be reported to the CME, as swap data repository. In a related statement, the CFTC concluded that this CME Rule is not inconsistent with the CEA, specifically CEA Sections 2(a)(13)(G), 5band 21, or with the CFTC rules. The CFTC statement concludes that the Part 45 rules (Swap Data Recordkeeping and Reporting Requirements) do not preclude CME from reporting the