Release Number 8508-22
CFTC Approves Application of KOR Reporting Inc. for Provisional Registration as a Swap Data Repository
March 30, 2022
Washington, D.C. — The Commodity Futures Trading Commission today approved the application of KOR Reporting Inc. (KOR) for provisional registration as a swap data repository (SDR) pursuant to section 21 of the Commodity Exchange Act and section 49.3(b) of the CFTC’s regulations.
KOR is the fourth entity that is currently provisionally registered by the CFTC as an SDR, a category of CFTC registered entities created by the Dodd-Frank Act of 2010 to perform a variety of functions related to the collection and maintenance of swap transaction data and information. KOR was provisionally registered for the interest rate, equity, credit, foreign exchange, and other commodity asset classes.
KOR is required to satisfy certain conditions before it can begin operating as an SDR. In addition, KOR is required, as are all provisionally and fully registered SDRs, to demonstrate continued compliance with existing regulations and to come into compliance with new regulations and amendments in accordance with the dates established therein.