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