đź“„CFTC Notice on Clearing Exemption for Cooperatives
Agency Information Collection Activities: Notice of Intent To Extend Collection 3038-0102: Clearing Exemption for Certain Swaps Entered Into by Cooperatives
Summary
The Commodity Futures Trading Commission ("CFTC" or "Commission") 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 the reporting requirements related to Commission regulation 50.51, which permits certain cooperatives to elect not to clear certain swaps that otherwise would be required to be cleared, provided that they meet certain conditions.
Agencies
- Commodity Futures Trading Commission
Business Impact
$$ - Med
The notice discusses the CFTC's information collection regarding cooperatives’ ability to opt-out of certain swap clearing requirements. This affects cooperatives’ compliance with financial regulations and may have implications for their financial strategies.