Search Results for agency_names:"Commodity Futures Trading Commission"

The Commodity Futures Trading Commission (CFTC) has established rules for exempting certain foreign derivatives clearing organizations (DCOs) from the registration requirement, as long as these organizations are subject to comprehensive supervision by their home country's regulator. These exemptions allow the foreign DCOs to clear swaps for U.S. persons' own accounts but not for customers, ensuring that U.S. market participants have more options. The CFTC is adopting this final rule, which sets out the procedures for obtaining an exemption, the conditions that must be met, and the reporting requirements needed to maintain the exemption. The regulation aims to promote international cooperation and market efficiency while maintaining important regulatory standards.

The Commodity Futures Trading Commission (CFTC) has introduced a new rule requiring futures commission merchants (FCMs) to ensure customers maintain enough funds to meet initial margin requirements before allowing withdrawals. This rule also allows FCMs to treat separate customer accounts as if they belong to separate entities, under certain conditions, to manage risks effectively. The new rule aims to protect customer funds, prevent systemic risks, and ensure the integrity of financial markets. It extends existing requirements for margin management currently applicable through DCOs to FCMs who are not clearing members.

The Commodity Futures Trading Commission (CFTC) has amended the margin rules for uncleared swaps for swap dealers and major swap participants without a prudential regulator. The new rules allow for a minimum transfer amount (MTA) of up to $50,000 for each separately managed account (SMA) of a legal entity. They also permit separate MTAs for initial and variation margin, provided they don't exceed $500,000 combined. These changes aim to reduce operational burdens while ensuring the swaps market continues to function smoothly and safely.

The Commodity Futures Trading Commission (CFTC) and the Securities and Exchange Commission (SEC) have extended the deadline for compliance with the new amendments to Form PF from March 12, 2025, to June 12, 2025. Form PF is a confidential reporting form that certain investment advisers to private funds, who are registered with the SEC and possibly with the CFTC, must fill out. The extension aims to address challenges like the need to file data under two different versions of the form, which raised issues for advisers. The new deadline also provides more time for affected parties to adapt to the changes and to ensure accurate data collection and reporting.

The Commodity Futures Trading Commission (CFTC) is updating the rules for civil monetary penalties under the Commodity Exchange Act to account for inflation, as required by the Federal Civil Penalties Inflation Adjustment Act. This update adjusts the maximum fines for violations based on the change in the Consumer Price Index. The new penalties will apply to violations assessed after January 15, 2025. This rule aims to ensure penalties remain effective as deterrents over time and doesn’t require the standard notice and comment process normally needed for new regulations.

The Commodity Futures Trading Commission (CFTC) and the Securities and Exchange Commission (SEC) have jointly updated Form PF, used for confidential reporting by certain investment advisers. These changes correct previous errors and add omitted amendments, ensuring accuracy and consistency. The updates, effective April 11, 2025, do not introduce new regulations but refine existing requirements. The agencies expedited the amendments without seeking public comments due to their non-substantive nature.

The Commodity Futures Trading Commission has announced a proposed extension for the information collection titled "Copies of Crop and Market Information Reports" under OMB Control No. 3038-0015. The collection is crucial for market surveillance and aims to prevent false or misleading reports affecting commodity prices. The estimated annual burden is 1.7 hours, affecting about 10 respondents. Public comments on the proposal are invited until March 1, 2021, through various methods, including online submissions and mail.

The Commodity Futures Trading Commission has issued a notice for an Information Collection Request (ICR) under the Paperwork Reduction Act of 1995, seeking public comments by January 15, 2025. This request involves extending an existing data collection related to swap data access provisions, required by the Dodd-Frank Act. The collection impacts four respondents, with an average annual burden of 19,679.5 hours each, totaling 78,718 hours overall. The ongoing costs per respondent are estimated to be around $2 million, with no initial start-up costs.

The Commodity Futures Trading Commission (CFTC) has released a notice about an Information Collection Request (ICR), submitted for review under the Paperwork Reduction Act of 1995. This collection relates to the clearing exemption for swaps between certain affiliated entities. The CFTC intends to use the collected information to oversee the use of this exemption and evaluate market risks. Public comments on this request can be made until March 3, 2025.

The Commodity Futures Trading Commission (CFTC) announced that the Global Markets Advisory Committee (GMAC) will hold a public meeting via teleconference on March 11, 2021, from 9:00 a.m. to 1:00 p.m. Eastern Standard Time. The committee will discuss the effects of market volatility due to the coronavirus pandemic, impacts on international central counterparties, and the global clearing ecosystem, along with retail participation in derivatives markets. Members of the public can listen to the meeting by calling a toll-free number and are invited to submit written statements by March 18, 2021. All submitted statements will be published on the CFTC's website.