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ARTICLE · 20 MAY 2024

Financial Markets And Funds Quick Take | Issue 26

Katten
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Katten

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Katten's Financial Markets and Funds Quick Take is a monthly newsletter highlighting key noteworthy developments potentially affecting financial markets and funds.

GlobalFinance and Banking
Wayne M. Aaron
Wayne M. Aaron
Wendy Cohen
Wendy Cohen
Daniel J. Davis
Daniel J. Davis
Ryan C. Dean
Ryan C. Dean
Nicholas Gervasi
Nicholas Gervasi
Julie Gottshall
Julie Gottshall
Carl E. Kennedy
Carl E. Kennedy
Susan Light
Susan Light
Ciara McBrien
Ciara McBrien
+7 more
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Katten's Financial Markets and Funds Quick Take is a monthly newsletter highlighting key noteworthy developments potentially affecting financial markets and funds.

To read more issues of Katten's Financial Markets and Funds Quick Take, please click here.

FIX(ML)ing the Data Submission Standard: The CFTC's Large Trader Rules Get a Makeover

By Stephen Morris, Nicholas Gervasi

Part 17 of the Commodity Futures Trading Commission's (CFTC) regulations require futures commission merchants (FCMs), clearing members of registered derivatives clearing organizations and foreign brokers holding omnibus accounts with such FCM clearing members to submit reports of the positions held by "large traders" (i.e., traders controlling positions exceeding thresholds prescribed under those regulations). For reporting firms, large trader reporting presents perhaps the most stubborn compliance challenge in the CFTC rulebook. Part 17's difficulties largely stem from conforming

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