CFTC Finalizes Swap Data Recordkeeping and Reporting Requirements

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The Commodity Futures Trading Commission (CFTC) on December 20, 2011 finalized two rules related to swap data reporting, recordkeeping and public dissemination under the Dodd-Frank Wall Street Reform and Consumer Protection Act of 2010 (Dodd-Frank Act). The CFTC has also finalized its extension of temporary exemptive relief for certain swap regulatory requirements.

Real-Time Public Reporting of Swap Transaction Data

Section 727 of the Dodd-Frank Act added new Section 2(a)(13) to the Commodity Exchange Act (CEA), which requires that the CFTC adopt rules to implement a real-time public reporting regime for swap transaction and pricing data. The CFTC has now adopted final rules (Public Reporting Rules) implementing this statutory requirement...

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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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