Release Number 7410-16
July 25, 2016
CFTC Staff Issues Advisory Clarifying Chief Compliance Officer Reporting Line Requirements
Washington, DC — The U.S. Commodity Futures Trading Commission’s Division of Swap Dealer and Intermediary Oversight is issuing a staff advisory regarding chief compliance officer reporting line requirements for swap dealers, major swap participants, and futures commission merchants under Commission Regulation 3.3.
The advisory clarifies the Regulation’s required elements and addresses additional supervisory relationships that a chief compliance officer may have with senior management in addition to those with the board or the senior officer of the registrant.
Last Updated: July 25, 2016