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ARTICLE · 19 DECEMBER 2011

Amended Proposed Rules And Other Releases

On Wednesday, December 7, 2011, the Commodity Futures Trading Commission ("CFTC") issued a Guidebook for Part 20 Reports providing additional guidance and detailed instructions for submitting large swaps trader reports to the Commission.

United StatesFinance and Banking

CFTC Issues Guidebook for Part 20 Reports

On Wednesday, December 7, 2011, the Commodity Futures Trading Commission ("CFTC") issued a Guidebook for Part 20 Reports providing additional guidance and detailed instructions for submitting large swaps trader reports to the Commission.

On July 22, 2011, the CFTC published Part 20 of the CFTC's Regulations requiring large trader reports for physical commodity swaps. Clearing organizations and clearing members were required to begin reporting on cleared swaps on November 21, 2011, and must begin reporting on uncleared swaps on January 20, 2012. In addition, the fully compliant month-end open interest reports are required to be collected beginning in September 2011 through February 2012 and submitted to the CFTC by March 20, 2012.

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