CFTC's DSIO Provides Additional Guidance to FCMs and Depositories Regarding Procedures for New Filing Requirements

The CFTC's Division of Swap Dealer and Intermediary Oversight ("DSIO") issued a notice to provide market participants with additional guidance regarding procedures for submitting notices and reports relating to the holding of customer assets. The notice also provides guidance for futures commission merchants ("FCMs") to assist them with compliance obligations.

The regulations became effective on January 13, 2014, with several of the regulations having deferred compliance dates.

See: CFTC Guidance.See generally: CFTC Rule Calendar (available to subscribers only).Related news: NFA Notice I-13-46: New Notification and Report Filing Requirements under CFTC Final Rule on Enhancing Customer Protections (January 6, 2014); CFTC Issues Final Rule Regarding Collateral Protection for Uncleared Swaps (Pre-Fed. Reg.) (with Lofchie Comment) (November 1, 2013).