CFTC Provides Operational Guidance on the Maintenance of CICIs Issued through Assisted Regulation

In response to a request by the Utility designated by the CFTC to issue legal entity identifiers or LEIs (currently known as "CFTC interim compliant identifiers" or "CICIs"), the CFTC provided operational guidance regarding the maintenance of CICIs issued through assisted registration with explicit permission from the entity registered. The CICI Utility now creates CICIs only on the basis of self-registration, which includes assisted registration with explicit permission. The CFTC stated that its rules have the same effect and apply the same principles described in its Q A on Start of Swap Data Reporting, issued on October 10, 2012. Entities receiving CICIs through assisted registration with permission are responsible for maintaining their own CICIs after they are issued, which includes recertification at appropriate intervals.

View Press Release in full here (links externally to CFTC website).