May 3, 2017

CFTC Proposes to Amend Rules Governing Chief Compliance Officer Duties and Annual Reports for Certain Registrants

Washington, DC — The U.S. Commodity Futures Trading Commission (CFTC) announced today that it will publish in the Federal Register proposed amendments to Part 3 of its regulations. The proposed amendments would: 1) define “senior officer” in Regulation 3.1; 2) clarify the duties of a Chief Compliance Officer (CCO) of a futures commission merchant, swap dealer, or major swap participant; and 3) modify the CCO annual report’s content and submission requirements.

The CFTC is seeking comments on the proposed amendments. The comment period ends 60 days after the proposal’s publication in the Federal Register. All comments will be posted on CFTC’s website.

Last Updated: May 3, 2017