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
Featured Experts

Laurent Birade
Advises U.S. and Canadian financial institutions on risk and finance integration, CCAR/DFAST stress testing, IFRS9 and CECL credit loss reserving, and credit risk practices.

María Cañamero
Skilled market researcher; growth strategist; successful go-to-market campaign developer

Victor Calanog, Ph.D.
Leading economist; commercial real estate; performance forecasting, econometric infrastructure; data modeling; credit risk modeling; portfolio assessment; custom commercial real estate analysis; thought leader.
Previous Article
BNB Allows Relaxation in Loan Payments Amid COVID-19 OutbreakRelated Articles
EC Adopts Financial Reporting Changes Arising from Benchmark Reforms
EC published Regulation 2021/25 that addresses amendments related to the financial reporting consequences of replacement of the existing interest rate benchmarks with alternative reference rates.
BIS Bulletin Examines Key Elements of Policy Response to Cyber Risk
BIS published a bulletin, or a note, that examines the cyber threat landscape in the context of the pandemic and discusses policies to reduce risks to financial stability.
HMT Updates List of Post-Brexit Equivalence Decisions in UK
HM Treasury, also known as HMT, has updated the table containing the list of the equivalence decisions that came into effect in UK at the end of the transition period of its withdrawal from EU.
EBA Issues Erratum for Technical Package on Reporting Framework 3.0
EBA published an erratum for technical package on phase 1 of the reporting framework 3.0.
APRA Publishes FAQ on Measurement of Credit Risk Weighted Assets
APRA updated a frequently asked question (FAQ), for authorized deposit-taking institutions, on the measurement of credit risk weighted assets.
EBA Publishes Risk Dashboard for Third Quarter of 2020
EBA published the quarterly risk dashboard, along with the results of the Risk Assessment Questionnaire survey among 60 banks and 15 market analysts.
ECB Analysis Shows Privacy as Biggest Concern in Use of Digital Euro
ECB concluded the public consultation on the introduction of a digital euro in EU.
ECB Finalizes Guide on Supervisory Approach to Bank Consolidation
ECB published a guide that sets out the supervisory approach to consolidation in the banking sector.
SRB Chair Outlines Work Priorities for 2021
The SRB Chair Elke König published an article setting out work priorities for 2021.
FDIC Selects Companies to Compete in Final Phase of Tech Sprint
FDIC has selected 11 technology companies—including BearingPoint, Fed Reporter, Inc, and S&P Global Market Intelligence, LLC—for inclusion in the third and final phase of the rapid prototyping competition.