On May 22, 2013, the CFTC issued Staff Advisory No. 13-16 concerning omnibus reporting requirements. The staff advisory reminds firms that have established an omnibus account to report promptly information concerning their omnibus account to the clearing broker, so that the clearing firm can timely submit such information to the CFTC. While this requirement is not new, the CFTC issued the advisory as a reminder to origi-nating firms of their obligations under CFTC Reg. 17.04(a), to provide information relating to the omnibus account to the clearing firm “in suffi-cient time” for it to satisfy its own reporting re-quirements. The advisory is available here.