📊CFTC Proposes Renewal of Swap Data Recordkeeping Requirements
Agency Information Collection Activities: Notice of Intent To Extend Collection 3038-0089: Swap Data Recordkeeping and Reporting Requirements: Pre-Enactment and Transition Swaps
Summary
The Commodity Futures Trading Commission ("Commission" or "CFTC") is announcing an opportunity for public comment on the proposed renewal of a collection of certain information by the agency. Under the Paperwork Reduction Act ("PRA"), Federal agencies are required to publish notice in the Federal Register concerning each proposed collection of information, including each proposed extension of an existing collection of information, and to allow 60 days for public comment. This notice solicits comments on reporting requirements relating to swap data recordkeeping and reporting requirements codified in 17 CFR 46. This part imposes recordkeeping and reporting requirements on the following entities: Swap Dealers ("SDs"), Major Swap Participants ("MSPs"), and swap counterparties that are neither swap dealers nor major swap participants ("non-SD/MSP counterparties").
Agencies
- Commodity Futures Trading Commission
Business Impact
$$ - Med
The text details compliance and regulatory requirements imposed on swap dealers and participants, which business owners must adhere to for reporting and recordkeeping of swap data. This affects operational practices and may necessitate investment in compliance infrastructure.