What is part 43 reporting?
What is part 43 reporting?
Part 43 defines a “publicly reportable swap transaction” as (1) any swap that is an arm’s-length transaction between two parties that results in a corresponding change in the market risk position between the two parties; or (2) any termination, assignment, novation, exchange, transfer, amendment, conveyance, or …
What is the time frame for real time reporting of CFTC regulated swaps?
The general compliance date for the Swap Reporting Amendments will be 18 months after publication in the Federal Register, except that minimum block size and notional cap size changes will have a compliance date that is one year after the end of that 18-month period.
What is CFTC report?
The Commodity Futures Trading Commission (Commission or CFTC) publishes the Commitments of Traders (COT) reports to help the public understand market dynamics. The COT reports are based on position data supplied by reporting firms (FCMs, clearing members, foreign brokers and exchanges).
What is CFTC in finance?
CFTC Overview The Commodity Futures Trading Commission is an independent U.S. government agency that regulates the U.S. derivatives markets, including futures, options, and swaps. Further, the agency seeks to reduce the risk of the futures and swaps markets to protect the economy and the public.
What is CFTC regulation?
What Does the CFTC Regulate? The CFTC regulates the U.S. derivatives markets. This includes the commodity futures, options, and swaps markets as well as over-the-counter (OTC) markets.
What are CFTC regulations?
What is CFTC compliance?
CFT compliance, or Combating the Financing of Terrorism Compliance, refers to the set of banking policies and standards used by financial institutions to adhere to the requirements of international Anti-Money Laundering laws.
Does CFTC have authority to prosecute criminal violations?
The CFTC Division of Enforcement investigates and prosecutes alleged violations of the Commodity Exchange Act and Commission regulations.
Who should file CFTC Form 40?
Who Must File a Form 40 – Every person who holds or controls a reportable position must file a CFTC Form 40, Statement of Reporting Trader. (See section 18.04 of the regulations under the Commodity Exchange Act.) Persons include individuals, associations, partnerships, corporations, and trusts.
What is a large trader CFTC?
Large Trader Data. Under the Commission’s LTRS, clearing members, FCMs, and foreign brokers (collectively called reporting firms) file daily reports with the Commission under Part 17 of the CFTC’s regulations. The data are aggregated to protect the identity of any individual reportable trader.
What are the CFTC’s regulations fact sheet?
Part 43, Part 45 and Part 46 of the CFTC’s regulations Fact Sheet: Final Rulemaking on Procedures to Establish Appropriate Minimum Block Sizes for Large Notional Off-Facility Swaps and Block Trades; Further Measures to Protect the Identities of Parties to Swap Transactions
What did the CFTC do at its open meeting today?
Washington, D.C. — The Commodity Futures Trading Commission at its open meeting today unanimously approved three final rules to revise CFTC regulations for swap data reporting, dissemination, and public reporting requirements for market participants.
What are the CFTC regulations for swap data repositories?
The Commission unanimously approved amendments to parts 43, 45, and 49 of CFTC’s regulations to improve the accuracy of data reported to, and maintained by, swap data repositories (SDRs), and to provide enhanced and streamlined oversight of SDRs and data reporting generally.
What are the proposed rules by the CFTC for block trading?
The Commission issued proposed rules Prohibiting the Aggregation of Orders to Satisfy Minimum Block Size or Cap Size Requirements, and Establishing Requirements for Parties to Block Trades. Additional information is provided below, including factsheets for the proposed rules, and details of meetings held between CFTC staff and outside parties.