March 8, 2013

CFTC’s Division of Market Oversight Issues Advisory Reminding Market Participants of Certain Swap Data Reporting Requirements

Washington, DC — The Division of Market Oversight (DMO) of the Commodity Futures Trading Commission (CFTC) today issued an Advisory reminding market participants that swap dealers were required to begin reporting data regarding equity, foreign exchange and other commodity swaps, under Parts 43 and 45 of the CFTC’s regulations, on February 28, 2013. Swap dealers must be in compliance with their reporting obligations with respect to historical swaps in these three asset classes by March 30, 2013.

The Advisory also reminds market participants that Parts 43, 45 and 46 apply to the reporting of data regarding swaps, and not data regarding futures contracts, and that parties with reporting obligations under the swap data reporting rules remain fully responsible for the timely and accurate fulfillment of their reporting obligations, even if they contract with a third party service provider to facilitate reporting.

Swap dealers are already required to be in compliance with the reporting requirements of Parts 43, 45 and 46, with respect to interest rate and credit swaps. In addition to marking the beginning of swap dealer reporting for the remaining three swap asset classes, February 28, 2013, marked the beginning of required reporting by major swap participants under all of the CFTC’s swap data reporting rules, for all asset classes. Entities that are not swap dealers or major swap participants must be in compliance with the CFTC’s swap data reporting rules, for all asset classes, by April 10, 2013.

To view the Advisory, please see the related documents link.

Last Updated: March 8, 2013