On May 22nd, the CFTC's Division of Market Oversight issued an advisory regarding the ongoing duty to comply with the timely reporting requirements of CFTC Regulation 17.04(a). The CFTC receives, pursuant to Part 17 of its regulations, daily reports on the reportable futures and options positions in all special accounts carried by futures commission merchants, clearing members and foreign brokers. The reports include information pertaining to omnibus accounts. Regulation 17.04(a) requires a firm with an omnibus account to report information regarding that account to the futures commission merchant, clearing member or foreign broker with whom the account is established in sufficient time to enable such futures commission merchant, clearing member or foreign broker to submit timely daily reports to the CFTC. DMO issued the advisory to remind affected parties of their continuing obligations under Regulation 17.04(a). CFTC Letter No. 13-16.
Register now for your free, tailored, daily legal newsfeed service.
Questions? Please contact firstname.lastname@example.orgRegister
CFTC advisory on omnibus reporting obligations
Popular articles from this firm
If you would like to learn how Lexology can drive your content marketing strategy forward, please email email@example.com.
Related topic hubs
Head of Legal, Asia Pacific
"SCCA Newsstand is a great legal resource. I particularly like the user-friendly format, which I find highly efficient!"