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The CFTC Division of Market Oversight today announced the issuance of temporary no-action relief for reporting by non-clearing member swap dealers under the CFTC's large trader reporting requirements for physical commodity swaps and swaptions. This temporary relief is intended to provide sufficient time for non-clearing member swap dealers to transition to fully compliant reporting by 60 days after the CFTC's deadline for entities to apply to register as swap dealers. Parties that are intending to rely on the exemption must so notify the CFTC as provided in the relief. View release in full

This pertains to NFA Compliance Rule 2-10: The Allocation of Bunched Retail Forex Orders for Multiple Accounts NFA Compliance Rule 2-10 adopts by reference CFTC Regulation 1.35, which, among other things, imposes on futures commission merchants ("FCMs") and retail foreign exchange dealers ("RFEDs") certain recordkeeping requirements relating to customer forex orders. The purpose of the regulation is to prevent various forms of customer abuse, such as the fraudulent allocation of trades, by providing an adequate audit trail that allows customer orders to be tracked at every step of the order

See: 77 FR 35200 The CFTC is adopting rules to further implement the Commodity Exchange Act (CEA) with respect to the new statutory framework regarding swap data recordkeeping and reporting established by the Dodd-Frank Act. The Dodd-Frank Act, which amended the CEA, directs that rules adopted by the CFTC shall provide for the reporting of data relating to swaps entered into before the date of enactment of the Dodd-Frank Act, the terms of which have not expired as of the date of enactment of the Dodd-Frank Act ("pre-enactment swaps") and data relating to swaps entered into on or after the date

See: 77 FR 20128 The CFTC is adopting regulations to implement certain provisions of Title VII of the Dodd-Frank Act. These regulations set forth reporting and recordkeeping requirements and daily trading records requirements for swap dealers (SDs) and major swap participants (MSPs). These regulations also set forth certain duties imposed upon SDs and MSPs registered with the CFTC with regard to: risk management procedures; monitoring of trading to prevent violations of applicable position limits; diligent supervision; business continuity and disaster recovery; disclosure and the ability of

The Division of Swap Dealer and Intermediary Oversight issued an interpretation regarding the time period for which past performance is required to be disclosed by persons required to register as CTAs because they engage in off-exchange retail foreign currency transactions ("retail forex"). Such persons ("Forex CTAs") are required to disclose performance information for the period beginning October 18, 2010, the date upon which the Commission's regulations governing retail forex became effective. A Forex CTA that chooses to present past performance information for any period of time prior to