Objective 2.3
| Ensure that SROs fulfill their financial surveillance responsibilities. |
As a key aspect of assuring financial integrity of CFTC-regulated transactions and the mitigation of systemic risk, the Commission oversees futures industry SROs, which include exchanges and RFAs, to ensure that they fulfill their responsibilities for monitoring and ensuring the financial integrity of market intermediaries and for protecting customer funds. As more entities enter the regulatory arena, due to the Dodd-Frank Act provisions all demands on SROs and their oversight will increase, and in some areas such increase might be larger than others.
Strategy 2.3.1 Conduct oversight of the financial surveillance programs of SROs.
The Commission has initiated a program to increase the frequency of its assessments of financial surveillance programs. The goal is to conduct an annual assessment of certain core regulatory functions carried out by SROs. This effort allows the Commission to have current information on the effectiveness of the surveillance programs and to identify and address potential issues on a more timely basis. The number of entities that must be assessed may increase significantly as a result of the Dodd-Frank Act, which could limit any increases in the frequency of assessments.
| FY 2011 | 90% |
|---|---|
| FY 2012 | 92% |
| FY 2013 | 94% |
| FY 2014 | 96% |
| FY 2015 | 98% |
| FY 2011 | 90% |
|---|---|
| FY 2012 | 92% |
| FY 2013 | 94% |
| FY 2014 | 96% |
| FY 2015 | 98% |