Events listed in [CFTC] Commodity Futures Trading Commission
Commissioner Pham Announces Proposed Work Program for CFTC Global Markets Advisory ...
ID 23238
The Commodity Futures Trading Commission, CFTC, has published a press statement in which it presents and seeks comments on the 2023 – 2025 work program for its Global Markets Advisory Committee (GMAC) which itself consists of three sub-committees, namely the Global Market Structure Subcommittee, the Digital Asset Markets Subcommittee, and the Technical Issues Subcommittee*. The work program outlines key activities the sub-committees will engage ...
CFTC Grants RTX Fintech & Research LLC Registration as a Swap Execution ...
ID 22902
The U.S. Commodity Futures Trading Commission (CFTC) has published a press statement to announce that it has approved the registration of RTX Fintech & Research LLC as a Swap Execution Facility (RTX SEF). The approval is set out in a corresponding order. Following the fulfillment of all the requirements set out in the order, the limited liability company which is based in Delaware and ...
CFTC Staff Announces Revisions to Part 43 Block and Cap Sizes
ID 22855
The U.S. Commodity Futures Trading Commission (CFTC) has published a press statement to announce that is has published new minimum block sizes and cap sizes for swap transactions pursuant to CFTC regulations 17 CFR Part 43, 43.6(g) and 43.4(h), respectively. The new thresholds will be applicable from December 4, 2023 which is also the final date when the no-action relief (CFTC Staff Letter 22-03) ...
CFTC and Bank of England Announce Joint Statement on the Supervision of ...
ID 22788
The U.S. Commodity Futures Trading Commission (CFTC) has published a press statement to inform that the Commission itself and the Bank of England (BoE) – each responsible for the supervision of central counterparties (CCPs) – have committed to further strengthen „their commitment to close cooperation and mutual understandings on the supervision“ of CCPs operating cross-border. This commitment follows the signing of a corresponding [*Memorandum ...
CFTC Staff Issues No-Action Letter Regarding the Migration of Credit Default Swaps ...
ID 22579
In view of the discontinuations of credit default swap (CDS) clearing services by ICE Clear Europe Ltd. (ICEU) in October 2023, the Commodity Futures Trading Commission’s (CFTC) Division of Market Oversight (DMO) has issued a no action relief letter (23-05) for affected counterparties of open CDS positions at ICEU. This no-action relief will permit market participants to transfer their open positions to other central ...
CFTC Statement on Swaps Rules Implicated in Recent Bank Failures
ID 22314
On March 16, 2023, the U.S. Commodity Futures Trading Commission (CFTC) published a press statement as regards the application of swap rules and requirements concerning swaps „impacted by the failures of Silicon Valley Bank and Signature Bank“. In its statement, the CFTC notes that it will refrain from enforcing any swap (trading) requirements (e.g. margin or clearing requirements) on swaps that have been ordered ...
CFTC Unanimously Approves Proposed Rule to Codify No-Action Position Regarding the ...
ID 22283
The U.S. Commodity Futures Trading Commission, CFTC, has published a press statement to inform that it has finalized a proposed rule amendment to 17 CFR Part 39, §39.13, to implement previously issued no-action relief as regards the „Treatment of Separate Accounts of a Single Customer by Clearing Members“ with respect to initial margin withdrawals (§39.13 (g) 8 iii). Currently, the rule requires Derivatives Clearing ...
CFTC Staff Announces Modifications to the Technical Specification for Parts 43 and ...
ID 22221
The U.S. Commodity Futures Trading Commission, CFTC, has published a revised version (Version 3.2) of its technical specifications for the reporting and public dissemination of swap contracts and transaction data under Statutory Instruments 17 CFR Part 43 (Real-Time Public Reporting) and 17 CFR Part 45 (Swap Data Recordkeeping and Reporting Requirements). The document – which sets out detailed instructions on such reporting, including „the ...
CFTC Designates Unique Product Identifier for Swaps Recordkeeping and Reporting
ID 21920
The U.S. Commodity Futures Trading Commission (CFTC) has published a press statement to inform of „an order to designate a unique product identifier and product classification system to be used in swap recordkeeping and reporting“. Specifically, the unique product identifier (UPI) and corresponding classification into credit, equity, foreign exchange, and interest rate swaps will be furnished by the Derivatives Service Bureau Limited (DSB). These ...
CFTC Announces Postponement of Commitments of Traders Report
ID 21914
Following the recent announcement of a delay in the publication of the Commitments of Traders report (CoT) by the U.S. Commodity Futures Trading Commission (CFTC) due to a cyber-incident at ION Cleared Derivatives and the subsequent issues many financial market participants were facing to comply with their daily reporting obligations (please see EventID 19639 in this context), the CFTC has published a follow-up statement ...