MFA Submits Letters Regarding Priorities to CFTC Commissioners

The MFA sent letters to CFTC Chairman Timothy Massad and the other CFTC Commissioners outlining the MFA's current priorities with the CFTC. The letters reiterated points that were raised in earlier letters and in testimony before Congress. Issues addressed in the letters include:

• impartial access to SEFs and SEF-implementation concerns;
• exemption for SEF members that are registered as CTAs/CPOs from the oral and written recordkeeping requirements outlined in CFTC Rule 1.35(a) ("Records of Commodity Interest and Related Cash or Forward Transactions");
• swap data reporting issues;
• cross-border issues;
• delegation of CPO obligations;
• CFTC/SEC harmonization issues;
• protection of customer collateral; and
• rulemaking proposals on position limits.

See: Letter to Chairman Massad; Letter to Commissioner Wetjen; Letter to Commissioner O'Malia; Letter to Commissioner Bowen; Letter to Commissioner Giancarlo.