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ARTICLE · 16 MAY 2019

CFTC Proposes Sweeping Swap Reporting Amendments Aimed At Improving Data Accuracy And Completeness

Skadden, Arps, Slate, Meagher & Flom LLP
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On April 25, 2019, the Commodity Futures Trading Commission (CFTC or Commission) published for public comment proposed amendments to the rules governing swap data repositories (SDRs)

United KingdomFinance and Banking
Mark D. Young
Mark D. Young
Jonathan Marcus
Jonathan Marcus
Theodore M. Kneller
Theodore M. Kneller
Jeongu Gim
Jeongu Gim

On April 25, 2019, the Commodity Futures Trading Commission (CFTC or Commission) published for public comment proposed amendments to the rules governing swap data repositories (SDRs) and reporting obligations of swap market participants (the Proposal). The 300-page release proposes numerous revisions to the CFTC’s swap reporting rules with the stated goals of improving data accuracy and completeness for swaps reporting under the Commission’s rules on Real-Time Public Reporting (Part 43) and Swap Data Reporting (Part 45). The Proposal would impose numerous new regulatory obligations on both SDRs and those swap counterparties responsible for reporting data to an SDR (reporting counterparties), including swap dealers, derivatives clearing organizations (DCOs) and other swap market participants (including certain end-users).

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