Statement of Commissioner Scott D. O’Malia Request for Comment on Part 45 and Related Provisions of the Commission’s Swap Data Reporting Rules

March 19, 2014

I support the request for comment on part 45 and related provisions of the Commission’s swap data reporting rules. I commend the cross-divisional data team’s effort to fix our reporting rules and enhance the Commission’s ability to use its data. I hope that the data team and the Commission will carefully evaluate market participants’ comments and recommendations and develop workable solutions to improve our data reporting regime.

At the same time, I urge market participants to carefully review the Commission’s questions, submit their comments, and alert the Commission to other data reporting issues that have not been included in this request for comment. This comment period is a critical step in the Commission’s effort to improve its data utilization. I encourage all market participants to help the Commission improve its data reporting regime.

Last Updated: March 19, 2014