CFTC Approves DTCC Entity for Provisional Registration as a Swap Data Repository

On September 19th, 2012, the CFTC approved the application of DTCC Data Repository, LLC for provisional registration as a swap data repository pursuant to section 21 of the Commodity Exchange Act and section 49.3(b) of the Commission's regulations. DTCC Data Repository, LLC is the second entity for which the Commission has issued provisional registration as a swap data repository - a category of CFTC registered entities created by the Dodd-Frank Act of 2010 to perform a variety of functions related to the collection and maintenance of swap transaction data and information.

Cross-Reference(s): CEA Sec. 21 (Swap Data Repositories); CFTC Rule 49.3(b) (Procedures for registration). DTC had also previously been granted the right to issue the Legal Entity Identifiers required by Dodd-Frank for swap market participants. See related news story.

View press release in full here (links externally to CFTC website).