📊CFTC Notice on Clearing Member Risk Management Compliance
Agency Information Collection Activities: Notice of Intent To Extend Collection 3038-0094: Clearing Member Risk Management
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 the obligation to maintain records related to clearing documentation between a customer and the customer's clearing member, as required under Commission regulations.
Agencies
- Commodity Futures Trading Commission
Business Impact
$$ - Med
The notice outlines regulatory compliance requirements for clearing members (FCMs, SDs, MSPs) related to risk management practices. It emphasizes the necessity for businesses in the derivatives sector to maintain precise records and implement structured risk management protocols, which directly affects their operations and compliance costs.