Ownership and Control Reports, Forms 102/102S, 40/40S, and 71; Proposed Rule (CFTC - Fed. Reg. Version)

The CFTC is proposing new rules and related forms to enhance its identification of futures and swap market participants. The proposed rules would leverage the CFTC’s existing position and transaction reporting programs by requiring the electronic submission of trader identification and market participant data on amended Forms 102 and 40, and on new Form 71. The proposed rules also incorporate a revised approach to the CFTC’s previous initiative to collect ownership and control information, through a dedicated ownership and control report (‘‘OCR’’), for trading accounts active on reporting markets that are designated contract markets or swap execution facilities. The CFTC welcomes public comment on all aspects of its proposal.

Comments Due: September 24, 2012.

Cross Reference(s): CFTC Rules Part 15, 17, 18and 20.

View release in full here (links externally to Federal Register website).Additional Materials: Related news entryregarding the withdrawal of 75 FR 41775.