Review of swaps reporting regulations announced.
The DMO announced that it is launching a comprehensive review of the swap data reporting regulations found in Parts 43, 45, and 49 of the CFTC’s Regulations. As part of this review, the DMO opened a 40-day comment period to solicit input on this effort from all entities involved in swaps reporting. Comments must be received by August 21, 2017. See the DMO’s Roadmap to Achieve High Quality Swaps Data, which lays out two portions of rule changes. CFTC Letter 17-33. (7/10/2017)
Divisions issue conditional relief from reporting fully margined/collateralized binary option and spread contract data to swap data repositories. The DMO and DCR announced that they have provided no-action relief to a designated contract market and a derivatives clearing organization from reporting to swap data repositories data associated with binary option transactions executed on or subject to the rules of the DCM and cleared by the DCO. (6/30/2017)
Senate Committee on Agriculture votes to confirm Giancarlo as Chair. The CFTC announced that the US Senate Committee on Agriculture, Nutrition, and Forestry voted overwhelmingly to confirm the nomination of J. Christopher Giancarlo as CFTC Chairman. He has served as Acting Chairman since January. (6/29/2017)
Commission delegated authority provisions and technical amendments. The CFTC adopted final rules to establish new and amend certain existing delegations of authority to agency staff. The CFTC also adopted amendments to update statutory authority citations and correct limited typographical and technical errors in certain rules. (6/26/2017)
Giancarlo promises robust enforcement, regulatory efficiency in Senate testimony. Acting CFTC Chairman J. Christopher Giancarlo promised to continue robust enforcement of CFTC regulations and reduce regulatory burdens during his confirmation hearing to serve as Chairman of the Commodity Futures Trading Commission. (6/22/2017) Giancarlo testimony.