SIFMA Submits Comments to the CFTC on the CME's Chapter 10 Proposal

SIFMA has submitted comments to the CFTC on the CME’s proposal to approve new Chapter 10 and Rule 1001. The comment letter urges the CFTC to reject the proposed rule on grounds similar to those expressed by ISDA and the Global Financial Markets Association, i.e., that allowing a DCO to dictate the SDR to which cleared swaps are reported would violate principles of fair and open access.

Click here to view letter in full (links externally to SIFMA website).Related news stories: CFTC Extending Period for Accepting Public Comment on a CME Request to Adopt New Chapter 10 and New Rule 1001 of CME's Rulebook; CFTC Accepting Public Comment on an Amended Request from the CME to Adopt New Chapter 10 ("Regulatory Reporting of Swap Data") and New Rule 1001 ("Regulatory Reporting of Swap Data") of CME's Rulebook.