CFTC Chair Heath P. Tarbert and Commissioner Rostin Behnam highlighted CFTC efforts to facilitate the transition from USD LIBOR-based swaps to SOFR-based swaps.
The Business Conduct Committees of the New York Mercantile Exchange and the Commodity Exchange sanctioned a firm and several traders for wash trades, disruptive trade practices and failure to comply with investigative procedures.
The CFTC reopened the comment period on proposed swap dealer capital rules and approved a proposal that would implement an alternative compliance framework for the inter-affiliate swaps clearing exemption.
The CFTC final rule amendments incorporating staff guidance on CPO and CTA registration and reporting requirements were published in the Federal Register.
The CFTC Division of Swap Dealer and Intermediary Oversight granted time-limited no-action relief relating to the application of minimum transfer amounts under uncleared margin requirements.
NFA proposed amendments to (i) expand obligations involving discretionary customer accounts, and (ii) clarify rules and interpretations on discretionary accounts, customer information, risk disclosures and bunched orders.
