📄CFTC Withdraws Proposed Operational Resilience Regulations
Operational Resilience Framework for Futures Commission Merchants, Swap Dealers, and Major Swap Participants; Withdrawal of Proposed Regulatory Action
Summary
The Commodity Futures Trading Commission ("Commission") is formally withdrawing a notice of proposed rulemaking published on January 24, 2024, titled "Operational Resilience Framework for Futures Commission Merchants, Swap Dealers, and Major Swap Participants." The Commission does not intend to issue final rules with respect to this proposal. If the Commission decides to pursue future regulatory action in this area, it will issue new proposed rules.
Agencies
- Commodity Futures Trading Commission
Business Impact
$$ - Med
The withdrawal of the proposed operational resilience framework indicates that futures commission merchants and swap dealers will not face new regulatory compliance requirements at this time. However, the CFTC may introduce future regulations in this area, impacting operational strategies and compliance costs for affected businesses.