CFTC Specifies Delivery Method for CEO Attestations

The CFTC Division of Swap Dealer and Intermediary Oversight announced that certain banking entities subject to Appendix B of CFTC Part 75 (i.e., those with total consolidated assets of $50 billion that engage in proprietary trading) should submit their CEO attestations by writing to the following address: [email protected].

CFTC Rule 75.20(c) and Appendix B require the CEO of a banking entity that is subject to the Volcker Rule to attest in writing annually that the banking entity has processes in place to establish, maintain, enforce, review, test and modify the bank’s Volcker Rule compliance program in a manner reasonably designed to achieve compliance with Section 13 of the Bank Holding Company Act.