MFA Submits Comments to CFTC in Support of Amended SDR Access Rule

The Managed Funds Association ("MFA") submitted a comment letter to the CFTC expressing its strong support for the CFTC's interim final rule issued in Swap Data Repositories - Access to SDR Data by Market Participants (the "Amended SDR Access Rule").

MFA commended the CFTC's revisions, which are intended to protect counterparty anonymity with respect to all swaps that are first traded anonymously on designated contract markets and swap execution facilities and then cleared in accordance with the Commission's straight-through-processing requirements. MFA noted that, in amending CFTC Rule 49.17(f)(2) ("Swap Data Repositories: Registration Standards, Duties and Core Principles"), the Amended SDR Access Rule will ensure that a counterparty to such a swap cannot later access the identity of the other counterparty to the swap from a registered swap data repository.

See: MFA Comment Letter.Related news: CFTC Publishes Interim Final Rule and Request for Comment Regarding Access to SDR Data (Fed. Reg.) (March 26, 2014).