CFTC Proposes Changes To Trade Reporting Rules

The Commodity Futures Trading Commission is proposing to raise the reporting levels at which futures commission merchants, clearing members and foreign brokers must file large-trader reports in certain commodities. In addition, the CFTC is proposing changes in the way certain new products, such as exchanges of futures for swaps, and how should be reported under the CFTC’s rules.
A third proposal would amend CFTC rules dealing with data transmission practices “to foster innovative means” of filing Forms 102 by reporting firms, and to eliminate Form 103 for the submission of special call data by large traders.

To learn more about the new rules download the Adobe Acrobat document by clicking here CFTC Rules.
Sourec: Compliance Reporter

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