Swap Data Recordkeeping and Reporting
The Commodity Futures Trading Commission (Commission) adopted rules under Part 45 to implement the Commodity Exchange Act (CEA) relating to swap data recordkeeping and reporting requirements. These sections of the CEA were added by the Dodd-Frank Wall Street Reform and Consumer Protection Act. The rules adopted apply to swap data recordkeeping and reporting requirements for swap data repositories, derivatives clearing organizations, designated contract markets, swap execution facilities, swap dealers, major swap participants, and swap counterparties who are neither swap dealers nor major swap participants.
10/12/2012 SEFs, DCMs, and MSPs must report credit swaps and interest rate swaps.
12/31/2012 SDs whose swap dealing activities exceeded either of the notional thresholds during the month of October, 2012 are required to be in compliance with the swap data recordkeeping and reporting requirements of Part 45 for credit swaps and interest rate swaps (“Compliance Date 1 Swaps”). See Division of Market Oversight No-Action Letter, CFTC Letter No. 12-32 PDF Image, issued November 19, 2012.
1/10/2013 SEFs, DCMs, and MSPs must report equity swaps, foreign exchange swaps, and other commodity swaps.
2/28/2013 SDs whose swap dealing activities exceeded either of the notional thresholds during the month of October, 2012 are required to be in compliance with the swap data reporting requirements of Part 45 for equity swaps, foreign exchange swaps and other commodity swaps (“Compliance Date 2 Swaps”). See Division of Market Oversight No-Action Letter, CFTC Letter No. 12-41 PDF Image, issued December 5, 2012.
4/10/2013 Non-SD/MSP counterparties are required to be in compliance with Part 45 for swaps in all asset classes.