Regulatory Developments: CFTC Approves Notice of Proposed Rulemaking Addressing Identification of Futures and Swap Market Participants | White & Case LLP International Law Firm, Global Law Practice
Regulatory Developments: CFTC Approves Notice of Proposed Rulemaking Addressing Identification of Futures and Swap Market Participants

Regulatory Developments: CFTC Approves Notice of Proposed Rulemaking Addressing Identification of Futures and Swap Market Participants

On June 28, the CFTC approved a notice of proposed rulemaking (NOPR) addressing the identification of participants in the futures and swaps markets. The proposed rules require the electronic submission of expanded trader identification and market participant data. The purpose of the rules is to strengthen the CFTC's existing trade practice and market surveillance programs for futures and options on futures, and facilitate surveillance programs for swaps, enhancing the CFTC's ability to identify participants in the derivatives markets and to understand relationships between trading accounts, special accounts, reportable positions, and market activity.

The comment period for the NOPR expires 60 days after the NOPR is published in the Federal Register. Comments may be submitted electronically at www.cftc.gov.

 

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