CFTC Announces Beginning of Real-Time Reporting and Swap Dealer Registration Requirements and Releases List of Provisionally Registered Swap Dealers


Today, Wednesday, January 2, 2013, the Commodity Futures Trading Commission (CFTC) announced that final rules pertaining to: (1) real-time reporting of swap transaction data; and (2) swap dealer registration requirements, became effective on December 31, 2012. The CFTC also released a list of 65 entities that, as of Monday, December 31, 2012, are provisionally registered as swap dealers and required to comply with the real-time reporting requirements for swap transactions. This list includes the largest domestic and international financial institutions dealing in the swaps market that were required to register as swap dealers, as of October 31, 2012, because they each exceeded the de minimis threshold for swap dealing activity.

This week, the 65 provisionally registered swap dealers began real-time reporting of interest rate and credit index swap transactions data to swap data repositories (SDRs)....

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Topics:  CFTC, Registration, Swap Dealers, Swaps

Published In: Administrative Agency Updates, Finance & Banking Updates, Securities Updates

DISCLAIMER: Because of the generality of this update, the information provided herein may not be applicable in all situations and should not be acted upon without specific legal advice based on particular situations.

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