January 17, 2014

CFTC Approves Application of BSDR LLC for Provisional Registration as a Swap Data Repository

Washington, DC — The U.S. Commodity Futures Trading Commission (CFTC or Commission) today approved the application of BSDR LLC (BSDR) 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 Commission’s regulations.

BSDR is the fourth entity for which the Commission has issued provisional registration 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. BSDR was provisionally registered for the interest rate, equity, credit, foreign exchange, and other commodity asset classes.

BSDR is required to satisfy certain conditions before it can begin operating as an SDR. In addition, BSDR 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, amendments, guidance and other requests in accordance with the dates established therein in order to obtain and maintain permanent registration.

The provisional registration approval letter and Order will be available on the CFTC website on Tuesday, January 21, 2014 under Related Links.

Last Updated: January 17, 2014