May 22, 2013

CFTC’s Division of Market Oversight Issues Advisory Regarding the Obligation to Report Omnibus Account Information in a Timely Manner

Washington, DC — The Division of Market Oversight (DMO) of the Commodity Futures Trading Commission (CFTC) today issued an advisory regarding the ongoing duty to comply with the timely reporting requirements of CFTC Regulation 17.04(a).

The CFTC receives, pursuant to Part 17 of its regulations, daily reports on the reportable futures and options positions in all special accounts carried by futures commission merchants, clearing members and foreign brokers. The reports include information pertaining to omnibus accounts. Regulation 17.04(a) requires a firm with an omnibus account to report information regarding that account to the futures commission merchant, clearing member or foreign broker with whom the account is established in sufficient time to enable such futures commission merchant, clearing member or foreign broker to submit timely daily reports to the CFTC. DMO has issued this advisory to remind affected parties of their continuing obligations under Regulation 17.04(a).

To view the advisory, please see the related document link.

Last Updated: May 22, 2013