CFTC Expands Portal Capabilities

The CFTC announced that it enhanced the CFTC Portal to allow market participants, including designated contract markets, swap execution facilities ("SEFs") and swap data repositories, to submit event-specific reports to the CFTC electronically in order to comply with rules that require market participants to report to the agency in a timely and confidential manner.

The CFTC Portal Project was launched in September 2012 as an electronic mechanism to support Dodd-Frank and the requirements for electronic submissions. Since its inception, the CFTC has added features to allow electronic submissions for SEFs, swap dealers and major swap participants, and to allow the ability to file electronically unreported trade option data as well as acknowledgement letters for money market mutual funds, depositories and DCOs.

The CFTC also stated that it had made improvements to the security of the Portal through a "two-factor authentication," which requires a username and password as well as a working telephone number for the validation of identity. Additional changes to the Portal include improvements to reporting and data collection for derivatives clearing organizations.

See: CFTC Press Release.See also: About the CFTC Portal.Related news: CFTC Expands Portal Capabilities to Enhance Public Submissions (January 16, 2014).