CFTC Requests Comments On Proposal To Amend CCO Annual Report Requirements

The CFTC requested comments on proposed amendments that apply to futures commission merchants ("FCMs"), swap dealers ("SDs") and major swap participants ("MSPs"). The proposed amendments would: (i) increase the amount of time registrants have to file their chief compliance officer ("CCO") annual reports; and (ii) clarify the timing of the filing requirements applicable to SDs and MSPs located in jurisdictions for which the CFTC has granted a comparability determination with respect to the contents of the reports ("Comparable Annual Reports").

Among other provisions, the proposed amendments would:

• permit an FCM to furnish its CCO Annual Report to the CFTC up to 30 days after submission of Form 1-FR-FCM13 or Financial Operational Combined Uniform Single Report ("FOCUS Report");