[27993]
March 27, 2014
TO: DERIVATIVES MARKETS ADVISORY COMMITTEE No. 24-14 RE: CFTC REQUESTS COMMENT ON SWAP DATA RECORDKEEPING AND REPORTING REQUIREMENTS
Recently, the Commodity Futures Trading Commission (“CFTC”) issued a request for public comment on the CFTC’s swap data recordkeeping and reporting requirements under Part 45 and related provisions of the CFTC rules. [1] The CFTC posed 69 questions (many with subparts) on a number of topics, including the reporting of primary economic terms, confirmation and continuation data; the manner in which the reporting rules address diversity of transaction types, business models, and data flows present in the swaps market; the reporting of cleared swaps; and data ownership issues and data harmonization.
Comments are due to the CFTC by May 27, 2014. ICI is not inclined to submit a letter in response to the request for comment. If members believe ICI should submit a comment letter, please contact me at jennifer.choi@ici.org or 202-326-5876 no later than Friday, April 11.
Jennifer S. Choi
Senior Associate Counsel Securities Regulation
endnotes
[1] Review of Swap Data Recordkeeping and Reporting Requirements, 79 FR 16689 (March 26, 2014), available at http://www.cftc.gov/ucm/groups/public/@lrfederalregister/documents/file/2014-06426a.pdf.