The Commodity Futures Trading Commission proposed amendments to existing rules to permit futures commission merchants, swap dealers and major swap participants to file mandated chief compliance officer annual reports with it by no later than 30 days following such entities’ filing of mandated annual financial reports (90 days after their fiscal year-end). Under existing rules, such CCO annual reports must be filed within 60 days after a registrant’s fiscal year-end; however, such reports may now be filed later under a staff no-action letter (click here to access the relevant no-action letter). In addition, the CFTC proposed to amend its rules to permit FCMs relying on substituted compliance with a foreign jurisdiction’s equivalent CCO requirements to file a comparable CCO annual report with it 15 days after the date such comparable report must be completed locally, and to delegate to CFTC staff the authority to grant extensions in time for the filing of CCO annual reports. The CFTC will receive comments on its proposed amendments for 30 days after they are published in the Federal Register.