In FY 2013, the Commission will enforce rules and requirements that standardized OTC derivatives contracts be executed on regulated trading platforms. The new requirements are intended to facilitate a transparent, liquid, and competitive marketplace with trades occurring on regulated exchanges.
In implementing the new requirements, the CFTC will be required to:
The Commission projects it will regulate 21 DCMs in FY 2013.
|
Rules Under Development | Status |
---|---|
Agricultural Swaps (ANPR) | Still Under Commission Consideration |
Governance & Possible Limits - Section 726 | Still Under Commission Consideration |
Agricultural Commodity Definitions | (OGC) |
Position reports for physical commodity swaps | Still under Commission consideration |
Anti-Manipulation | (ENF) |
Disruptive Trading Practices (ANPR) | (ENF) |
Rule Certification | Completed |
Swap Data Recordkeeping and Reporting | Completed |
Real Time Reporting | Still under Commission consideration |
DCM Core Principles and other requirements | Still under Commission consideration |
Position Limits for Exempt and Agricultural Commodities | Still under Commission consideration |
Disruptive Trading Practices Interp. Order | (ENF) |
Conforming Rules – Revising Part 1 | Comment period still open |
Product Definitions (Joint with SEC) | (OGC) |
Testing and Supervision (DRT and algorithms) | (ENF) |
Governance & Possible Limits – Core Principles Implementation – Final Rule | Still under Commission consideration |
IT Category |
IT Requirement1 |
---|---|
New Mission Authorities | Swaps Position & Transaction Standards/Data Loading |
Swaps Position & Transaction Surveillance | |
Position Limit Monitoring | |
CFTC.gov Online Participant Portal | |
Electronic Forms (102, 40, etc.) | |
Dodd-Frank Participant Registration (SEF, SDR, etc.) | |
Enterprise Case Management (Market Surveillance & Enforcement) | |
Order Message Standards and Loading | |
Current Mission Authorities | Large Trader Reporting, Trade Practice Compliance, Filings & Actions |
New Alerts and Alerts Using Intraday Data | |
Data Standardization, Data Loading, Data Analysis - e.g., Order Data, Large Trader, Time & Sales | |
Automate Secure File Transfer Sign-Up | |
Reporting Usability Enhancements | |
Swaps Transparency Reporting | |
1 The listing of technology requirements is not limited to registrants but support other activities Commission-wide. (back to text) |