Blake J. Brockway
On June 28, the Commodity Futures Trading Commission approved for publication in the Federal Register proposed rules designed to enhance its identification of futures and swaps market participants. The proposed rules build on the CFTC’s existing large trader reporting system. In addition to collecting information with respect to participants that hold open positions, the proposed rules will require information with respect to accounts that meet a certain “volume threshold.” Concurrently, the CFTC has withdrawn its proposed rules that would have established a dedicated ownership and control reporting system.
Comments on the proposed rules must be filed with the CFTC within 60 days following publication in the Federal Register.
The proposed rules are available here.