Release Number 6535-13

March 15, 2013

CFTC’s Division of Market Oversight and Office of Data and Technology Issue Advisory Reminding All Swap Counterparties of April 10 Deadline to Obtain a CICI Identifier

Washington, DC – The Division of Market Oversight (DMO) and Office of Data and Technology (ODT) of the Commodity Futures Trading Commission (CFTC) today issued an Advisory reminding all swap counterparties of the imminent April 10, 2013, deadline for each counterparty to obtain a legal entity identifier (LEI), currently known as a CFTC Interim Compliant Identifier or “CICI”. The source for obtaining a CICI is the CICI Utility designated by CFTC, available at Part 45 of the Commission’s regulations requires use of CICIs in all swap recordkeeping and swap data reporting.

The Advisory also reminds swap counterparties that for CICIs previously issued through third-party registration, the entity must self-certify the CICI data record before April 10. Entities that obtain CICIs through self-registration or assisted registration with permission do not need to also self-certify their CICIs. All swap counterparties must maintain their own CICIs after issuance, including periodic recertification.

In the Advisory, DMO and ODT suggest two immediate steps to ensure compliance with CICI requirements. One, each swap counterparty should visit, check its CICI status, and self-register for a CICI or self-certify its third-party-registered CICI if that is needed. Two, swap dealers should contact each of their counterparties regarding CICIs, and remind them to obtain a CICI before the April 10 deadline if they have not already done so.

To view the Advisory, please see the related documents link.

Last Updated: March 15, 2013