United States:
CFTC Extends Comment Deadline On Swap Data Reporting Proposal
30 July 2019
Cadwalader, Wickersham & Taft LLP
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The comment deadline for a CFTC proposal amending swap data reporting
regulations was
extended from July 29, 2019 until October 28, 2019.
As
previously covered, the CFTC proposed amendments to CFTC Rules
Parts 23,
43,
45 and
49. The proposal would:
- establish policies and procedures for
swap data repositories ("SDRs") to verify the accuracy of
swap data with both counterparties to a swap;
- improve requirements for reporting
counterparties concerning swap data accuracy, pursuant to those SDR
procedures;
- enhance SDR operational requirements
to improve oversight; and
- "streamline the requirements for
SDRs."
The content of this article is intended to provide a general
guide to the subject matter. Specialist advice should be sought
about your specific circumstances.
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