📈CFTC Announces Renewed Collection of Information for Swap Reporting
Agency Information Collection Activities: Notice of Intent To Renew Collection 3038-0070: Real-Time Public Reporting and Block Trade
Summary
The Commodity Futures Trading Commission ("Commission" or "CFTC") is announcing an opportunity for public comments 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 renewal of an existing collection of information, and to allow 60 days for public comment in response to the notice. This notice solicits comments on the information collections pertaining to the Commission's real-time public reporting and dissemination of swap data and rules for block trade requirements. These rules impose recordkeeping and reporting requirements on the following entities: Swap Dealers ("SDs"), Major Swap Participants ("MSPs"), Swap Execution Facilities ("SEFs"), designated contract markets ("DCMs"), swap data repositories ("SDRs"), derivatives clearing organizations ("DCOs"), 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 document outlines regulatory requirements for real-time public reporting and block trade data by various entities. This imposes compliance obligations on swap dealers, major swap participants, and related parties, potentially increasing operational costs and regulatory oversight for businesses involved in swap transactions.