Search Results for agency_names:"Commodity Futures Trading Commission"

The Commodity Futures Trading Commission (CFTC) has adopted a final rule that establishes two exemptions from the requirement to execute certain swaps on regulated trading platforms. Swaps that qualify for clearing exemptions under existing regulations can now also be exempt from this execution requirement. Additionally, swaps made between eligible affiliate counterparties can be exempted from being executed on these platforms, even if these swaps are cleared. This rule aims to reduce unnecessary costs and enhance flexibility for specific types of swap transactions.

The Commodity Futures Trading Commission (CFTC) is making corrections to a previously published final rule from November 7, 2024, which aimed to clarify and enhance regulations for registered entities and market participants. These changes mostly involve small adjustments to the wording and organization of different sections in the document to improve accuracy and clarity. The corrections affect details about how registered entities submit self-certifications and requests for approval of rules, amendments, and new trading products. These amendments will take effect on December 9, 2024.

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) 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) is seeking public comments on renewing an information collection related to swap execution facilities. This process is part of their obligations under the Paperwork Reduction Act, where federal agencies must get approval from the Office of Management and Budget for any information collection. The CFTC is asking the public whether the information collection is necessary, accurate, and how its burden can be minimized. People can comment on the proposal until February 24, 2025, and the information will help ensure that swap execution facilities comply with the required regulations.

The Commodity Futures Trading Commission has issued a notice in line with the Paperwork Reduction Act of 1995, concerning the Information Collection Request (ICR) for Swap Execution Facilities (SEFs). This request has been sent to the Office of Management and Budget (OMB) for review. The purpose is to ensure SEFs meet specific registration and operational requirements, including providing transaction confirmations and complying with 15 core principles. The estimated burden for respondents is adjusted to 775 hours each, totalling 15,499 hours annually for 20 respondents. Public comments on this collection can be submitted by April 10, 2025.

The Commodity Futures Trading Commission (CFTC) is holding a closed virtual meeting at 10:30 a.m. EST on Friday, January 10, 2025. The meeting will focus on enforcement and examination matters. If there are any changes to the meeting's time, date, or location, updates will be made available on the CFTC's official website. For more information, Christopher Kirkpatrick can be contacted at the provided phone number.

The Commodity Futures Trading Commission (CFTC) is seeking public comments on an Information Collection Request (ICR) submitted to the Office of Management and Budget (OMB) as part of the Paperwork Reduction Act of 1995. This request pertains to the rules governing the review of decisions by National Futures Association regarding disciplinary and membership matters. The proposed extension does not change the existing reporting burden, with the estimated total annual burden remaining at three hours. Interested parties must submit their comments by January 27, 2025.

The Commodity Futures Trading Commission (CFTC) has finalized new rules to address several operational challenges faced by Swap Execution Facilities (SEFs) and their market participants. These changes include eliminating the requirement for SEFs to capture and retain post-execution allocation information in their audit trail data. Additionally, the financial resources requirements have been amended to reduce burdens on SEFs while ensuring compliance with regulatory standards. The rules also simplify the duties and reporting requirements of a Chief Compliance Officer, allowing more flexibility and efficiency in SEF operations.

The Commodity Futures Trading Commission (CFTC) is holding a closed virtual meeting at 9:30 a.m. EST on Friday, January 10, 2025. The meeting will focus on the CFTC's bargaining position and related issues regarding ongoing negotiations about employee compensation and benefits. Any changes to the time, date, or place of the meeting will be announced on the CFTC's website. For more information, Christopher Kirkpatrick can be contacted at 202-418-5964.