CCO annual report. The Division of Swap Dealer and Intermediary Oversight issued a no-action letter to futures commission merchants, swap dealers and major swap participants that provides relief from certain requirements under Regulation 3.3(f), which requires registrants to give the CFTC their chief compliance officer annual report not more than 60 days after the end of their fiscal year. The letter grants registrants an additional 30 days to provide theses annual reports. (3/27/2015) CFTC press release.
Portfolio margining by non-exchange member FCMs. ICE Clear Europe received an amended order permitting it, its registered futures commission merchant (FCM) clearing members and FCMs that carry contracts cleared at ICE Clear Europe through a clearing member FCM but who are not themselves clearing members, to portfolio margin futures customer account positions. (3/27/2015) CFTC press release.
Ownership and control reports staff advisory. The Division of Market Oversight and Division of Swap Dealer and Intermediary Oversight jointly issued a staff advisory reminding reporting parties of their obligation to obtain information on a timely basis from their customers or counterparties in order to comply with the ownership and control reports final rule. (3/23/2015) CFTC press release.
Residual interest rule. The CFTC adopted a final rule amending Regulation 1.22 to remove the automatic change in the deadline by which FCMs will have to post residual interest. The final rule provides that the current deadline of 6:00 PM the following day will remain in place until the agency takes affirmative action to change the deadline. (3/17/2015). 80 FR 15507.