February 5, 2014

CFTC’s Division of Swap Dealer and Intermediary Oversight Provides Additional Guidance to Futures Commission Merchants and Depositories Regarding Procedures for New Filing Requirements

Washington, DC — The U.S. Commodity Futures Trading Commission’s (Commission or CFTC) Division of Swap Dealer and Intermediary Oversight (DSIO) issued a notice today to provide market participants with additional guidance regarding the procedures for submitting to the Commission the notices and reports required under new and amended regulations the Commission adopted November 1, 2013.

This notice also provides guidance to futures commission merchants (FCMs) based upon inquiries received from market participants since the issuance of the final regulations, and further reminds FCMs of certain significant revisions to the reporting requirements to assist them with their compliance obligations.

On November 1, 2013, the CFTC adopted new regulations and amended existing regulations designed to enhance protections afforded customers and customer funds held by FCMs and derivatives clearing organizations (DCOs). The regulations became effective on January 13, 2014, with several of the regulations having deferred compliance dates.

The National Futures Association (NFA) issued a Notice to Members on December 31, 2013, alerting FCMs and other NFA members to the Commission’s new regulatory requirements. The NFA Notice to Members also provided information to FCMs regarding the procedures for submitting notices and certain other reporting requirements to the Commission and to the FCMs’ respective designated self-regulatory organizations (DSROs) as required by the new and revised regulations. FCMs should review the NFA Notice to Members to ensure that they are in compliance with the new requirements. The NFA Notice to Members is available on the NFA’s website.

The DSIO notice is under Related Links.

Last Updated: February 5, 2014