The Commodity Futures Trading Commission (CFTC) is seeking public comments on its plan to renew the information collection requirements related to risk management for clearing members involving Futures Commission Merchants (FCMs), Swap Dealers (SDs), and Major Swap Participants (MSPs). The agency regulations mandate these members to maintain risk management systems, conduct stress tests, and keep records to manage financial risks effectively and support the efficient operation of trading venues. Individuals can submit comments by April 7, 2025, and the CFTC encourages suggestions on improving the information collection process.
Simple Explanation
The Commodity Futures Trading Commission wants people to tell them how they can make rules clearer for companies that help others buy and sell things like corn or gold. These rules make sure everyone's money is safe, and people can tell them what they think until April 7, 2025.