CFTC Requests Comment on Collection of Swap Transaction and Pricing Data
The CFTC requested comment on the continued collection of real-time swap transaction and pricing data for all swap transactions.
CFTC Rules Part 43 requires that all real-time swap transactions and pricing data be reported to the public. The CFTC stated that without this frequency of reporting, the CFTC would be unable to adequately assess the swap markets and "would fail to achieve the frequency of reporting and promotion of increased price discovery in the swaps market" as mandated by Dodd-Frank Title VII.
The CFTC is soliciting feedback on (i) whether the information being collected is valuable or necessary, (ii) the severity of the burdens involved in providing the information, (iii) ways to improve the quality of the information being collected, and (iv) ways to minimize the burdens involved in providing the information, including electronic submissions of responses.
Comments are due by June 20, 2017.
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