The CFTC unanimously approved proposed amendments to Regulation 1.31 in
order to modernize and make technology-neutral the form and manner
in which regulatory records must be kept, as well as rationalize
the rule text for ease of understanding. The proposed amendments
allow recordkeepers to leverage advances in IT as a means to reduce
costs associated with the retention and production of paper and
electronic records and to decrease the risks of cybersecurity
threats, while also maintaining the necessary safeguards to ensure
the integrity, availability and accessibility of required records.
The public comment period on the proposal ends 60 days after the
proposal's publication in the Federal Register.
Related News:
CFTC approves swaps data proposals, other
amendments - CFTC
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