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    CFTC Extends Comment Periods for Swap Rules Amid COVID-19 Outbreak

    April 10, 2020

    CFTC announced that it is extending comment periods for certain ongoing consultations to ease the challenges being faced due to the COVID-19 pandemic. The extensions encompass certain proposed rules for which the comment periods started in January and February of 2020. After consultation with market participants, the CFTC Division of Market Oversight primarily sought to extend the comment periods for proposed rules on position limits and swap-execution facility requirements and real-time reporting requirements. Additionally, extensions were approved to allow the comment periods for all of the proposed rules involving swap reporting requirements to culminate on the same day.

    CFTC is extending comment periods for the proposed rules, as listed in the table below:

    Title of Proposed Rule

    Date of Proposal

    Original Comment Due Date

    Extended Comment Due Date

    Position Limits for Derivatives

    January 30, 2020

    April 29, 2020

    May 15, 2020

    Swap Execution Facility Requirements and Real-Time Reporting Requirements

    January 30, 2020

    April 20, 2020

    May 22, 2020

    Certain Swap Data Repository and Data Reporting Requirements

    February 20, 2020 (reopened comments on prior proposal)

    May 20, 2020

    May 22, 2020

    Amendments to the Real-Time Public Reporting Requirements

    February 20, 2020

    May 20, 2020

    May 22, 2020

    Amendments to the Swap Data Recordkeeping and Reporting Requirements

    February 20, 2020

    May 20, 2020

    May 22, 2020

     

     

    Keywords: Americas, US, Banking, Securities, COVID-19, Deadline Extension, Position Limits, Swaps, Swap Execution Facility, Reporting, Swap Data, CFTC

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