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CFTC’s Division of Market Oversight Issues Letter to Market Participants Requiring Compliance with New Large Trader Reporting System for Physical Commodity Swaps and Swaptions (Press Release—Lette

CFTC Press Release 6144-11

CFTC Staff Letter

The CFTC's Division of Market Oversight issued a letter to market participants requiring compliance with the new large trader reporting system for physical commodity swaps and swaptions. Clearing organizations and clearing members must begin reporting under the new system on November 21, 2011, and the Division requires fully compliant month-end open interest reports to be collected beginning September 2011 through February 2012 and submitted to the Commission by March 20, 2012.

The Division is providing a temporary and conditional safe harbor for less than fully compliant reporting as it launches its XML-based large trader reporting system for swaps.

Cross References: Dodd-Frank Section 730; CFTC Rules, Part 20; 76 FR 43851

Tags

Regulated Activities
Ownership Regulatory Reporting
Sub-Activity
CFTC Large Position / Large Trader Reports (Pts. 15-21)
Regulated Entities
FCMs and IBs, Floor Brokers Swap Dealers / SBSDs Traders / Investors / Counterparties
Regulated Products
Swaps / SBS Futures / Security Futures
Sub-Product
Physical Commodity Swaps
Body of Law
CEA Regulation
Jurisdiction
US - Federal
Organization
CFTC, NFA, CFTC Markets
Sub-Author
CFTC