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    CFTC Extends Comment Period for Proposal on Swap Data Reporting Rules

    July 22, 2019

    The U.S. CFTC announced that it is extending, until October 28, 2019, the comment period for the proposed rulemaking to amend certain CFTC regulations related to swap data reporting. On the request of market participants, CFTC is extending the comment period for this proposal by an additional 90 days, to allow interested persons additional time to analyze the proposal and prepare their comments.The proposed amendments to Parts 23, 43, 45, and 49 of the CFTC regulations would, among other things, update requirements for swap data repositories (SDRs) to verify swap data with reporting counterparties, update requirements to correct swap data errors and omissions, and update and clarify certain SDR operational and governance requirements. The original comment period for the proposed rulemaking was to expire on July 29, 2019.

    Comment Due Date: October 28, 2019

    Keywords: Americas, US, Banking, Reporting, SDR, Swaps, Governance, Extending Comment Period, CFTC

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