The CFTC is hoping that it is dealing with “some industry concerns” with the launch of “an improved online filing portal” for industry participants that need to submit CFTC Form 40, known as the “Statement of Reporting Trader,” a key part of its large trader reporting program. “The CFTC operates a comprehensive system of collecting… Read More >>
Are FCMs Going to Survive?
(Editor’s note: Are futures commission merchants (FCMs) headed for extinction? It’s a fair question as the number of them, 64 as of this past March, has dropped by more than 50 percent over the past 15 years — a key point made in a special report authored by Hester Peirce, director of the financial markets… Read More >>
CFTC Gives Compliance Officers More Time to File Annual Reports
Chief compliance officers at futures commission merchants (FCMs), swap dealers, and major swap participants may have more time to file annual reports because of amendments that the CFTC is proposing for a key regulation. CFTC officials announced on August 9 that it will be publishing in the Federal Register proposed amendments to CFTC regulation 3.3… Read More >>
CFTC Clarifies Wind-Downs, Recoveries for Key DCOs
The CFTC division of clearing and risk (DCR) has issued a guidance regarding recovery and wind-down plans for registered clearinghouses that are systemically important derivatives clearing organizations (SIDCOs). The recovery and wind-down plans are “critical element[s] of risk management and contingency planning,” the commission says, pointing out that SIDCOs are required by its regulations to… Read More >>
