United States:
Federal Register: CFTC Updates Recordkeeping Requirements
12 June 2017
Cadwalader, Wickersham & Taft LLP
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The CFTC amended its rules in order to update the
methods by which firms' records must be kept (see
previous coverage). Under amended
CFTC Rule 1.31, firms no longer will be required to (i) retain
electronic records in their original format, (ii) keep records in a
"non-rewritable, non-erasable format," or (iii) employ a
third-party technical consultant for certain filing requirements.
The adopted amendments, including corresponding technical changes
regarding recordkeeping, will become effective on August 28,
2017.
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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