Business Conduct Standards - Internal

 

The Commission issued final rules to implement internal business conduct standards under the Dodd-Frank Wall Street Reform and Consumer Protection Act.  The Commission finalized these rules in two releases.

Information regarding Internal Business Conduct Standards is provided below, including factsheets for each proposed rule, and details of meetings held between CFTC staff and outside parties. 

Related Federal Register Releases

Proposed Rule: 82 FR 21330 / PDF Version
5/8/2017
17 CFR Part 3
Chief Compliance Officer Duties and Annual Report Requirements for Futures Commission Merchants, Swap Dealers, and Major Swap Participants; Amendments
Comment File - Closing Date: 7/7/2017

Final Rule: 77 FR 55904 // PDF Version
9/11/2012
17 CFR Part 23
Confirmation, Portfolio Reconciliation, Portfolio Compression, and Swap Trading Relationship Documentation Requirements for Swap Dealers and Major Swap Participants
Effective Date: Tuesday, November 13, 2012

Final Rule: 77 FR 20128 // PDF Version
4/3/2012
17 CFR Parts 1,3, and 23
Swap Dealer and Major Swap Participant Recordkeeping, Reporting, and Duties Rules; Futures Commission Merchant and Introducing Broker Conflicts of Interest Rules; and Chief Compliance Officer Rules for Swap Dealers, Major Swap Participants, and Futures Commission Merchants
Effective Date: June 4, 2012

Proposed Rule: 76 FR 58176 // PDF Version
9/20/2011
17 CFR Part 23 Swap Transaction Compliance and Implementation Schedule: Trading Documentation and Margining Requirements under Section 4s of the CEA
Comment File - Closing Date: 11/4/2011

Proposed Rule: 76 FR 6715 // PDF Version
2/8/2011
17 CFR Part 23 Swap Trading Relationship Documentation Requirements for Swap Dealers and Major Swap Participants
Comment File - Closing Date: 4/11/2011

Proposed Rule: 76 FR 6708 // PDF Version
2/8/2011
17 CFR Part 23 Orderly Liquidation Termination Provision in Swap Trading Relationship Documentation for Swap Dealers and Major Swap Participants
Comment File - Extended Date: 6/3/2011

Proposed Rule: 75 FR 81519 // PDF Version
12/28/2010
17 CFR Part 23 Confirmation, Portfolio Reconciliation, and Portfolio Compression Requirements for Swap Dealers and Major Swap Participants
Comment File - Extended Date: 6/3/2011

Proposed Rule: 75 FR 76666 // PDF Version
12/9/2010
17 CFR Part 23 Reporting, Recordkeeping, and Daily Trading Records Requirements for Swap Dealers and Major Swap Participants
Comment FileExtended Date: 6/3/2011

Proposed Rule: 75 FR 71397 // PDF Version
11/23/2010
17 CFR Part 23 Regulations Establishing and Governing the Duties of Swap Dealers and Major Swap Participants
Comment File - Extended Date: 6/3/2011

Proposed Rule: 75 FR 71391 // PDF Version
11/23/2010
17 CFR Part 23 Implementation of Conflicts of Interest Policies and Procedures by Swap Dealers and Major Swap Participants
Comment File - Extended Date: 6/3/2011

Proposed Rule: 75 FR 70881 // PDF Version
11/19/2010
17 CFR Part 3 Designation of a Chief Compliance Officer; Required Compliance Policies; and Annual Report of a Futures Commission Merchant, Swap Dealer, or Major Swap Participant
Comment File - Extended Date: 6/3/2011

Proposed Rule: 75 FR 70152 // PDF Version
11/17/2010
17 CFR Part 1 Implementation of Conflicts of Interest Policies and Procedures by Futures Commission Merchants and Introducing Brokers
Comment File - Extended Date: 6/3/2011

Additional Information

Fact Sheet: Final Rule on SD and MSP Recordkeeping and Reporting, Duties, and Conflicts of Interest Policies and Procedures; FCM and Introducing Broker Conflicts of Interest Policies and Procedures; SD, MSP, and FCM Chief Compliance Officer
Q&A: Final Rule on SD and MSP Recordkeeping and Reporting, Duties, and Conflicts of Interest Policies and Procedures; FCM and Introducing Broker Conflicts of Interest Policies and Procedures; SD, MSP, and FCM Chief Compliance Officer

Event: CFTC Open Meeting on One Final Rule and One Proposed Rule

Fact Sheet: Orderly Liquidation Termination Provision in Swap Trading Relationship Documentation for Swap Dealers and Major Swap Participants
Q&A: Orderly Liquidation Termination Provision in Swap Trading Relationship Documentation Requirements for Swap Dealers and Major Swap Participants

Event: Open Meeting on Tenth Series of Proposed Rules under the Dodd-Frank Act

Fact Sheet: Swap Trading Relationship Documentation Requirements for Swap Dealers and Major Swap Participants
Q&A: Swap Trading Relationship Documentation Requirements for Swap Dealers and Major Swap Participants

Event: Open Meeting on Ninth Series of Proposed Rules under the Dodd-Frank Act

Fact Sheet: Proposed Rule on Confirmation, Portfolio Reconciliation, and Portfolio Compression Requirements for Swap Dealers and Major Swap Participants
Q&A: Confirmation, Portfolio Reconciliation, and Portfolio Compression Requirements for Swap Dealers and Major Swap Participants

Event: Open Meeting on Eighth Series of Proposed Rules under the Dodd-Frank Act

Fact Sheet: Proposed Rule on Reporting, Recordkeeping, and Daily Trading Records Requirements for Swap Dealers and Major Swap Participants
Q&A: Reporting, Recordkeeping, and Daily Trading Records Requirements for Swap Dealers and Major Swap Participants

Event: Open Meeting on Sixth Series of Proposed Rules under the Dodd-Frank Act

Fact Sheet: Proposed Rule on Designation of Chief Compliance Officer and Preparation of Annual Compliance Report
Q&A: Designation of Chief Compliance Officer and Preparation of Annual Compliance Report

Fact Sheet: Proposed Rule on Conflicts of Interest for Swap Dealers, Major Swap Participants, Futures Commission Merchants, and Introducing Brokers
Q&A: Conflicts of Interest for Swap Dealers, Major Swap Participants, Futures Commission Merchants, and Introducing Brokers

Fact Sheet: Proposed Rule on Duties for Swap Dealers and Major Swap Participants
Q&A: Duties for Swap Dealers and Major Swap Participants

Event: Open Meeting on Fourth Series of Proposed Rules under the Dodd-Frank Act