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CFTC Gives CCOs Extra 30 Days to File Annual Reports

Joe Mont | March 31, 2015

The Commodity Futures Trading Commission’s Division of Swap Dealer and Intermediary Oversight is giving compliance officers an additional 30 days to file the annual reports it requires from swap dealers and major swap participants.

As amended by the Dodd-Frank Act, the Commodity Exchange Act requires CCOs at those firms to prepare, sign, and furnish an annual report within 60 days of the end of their fiscal year, simultaneously with the submission of Form 1-FR-FCM or the Financial and Operational Combined Uniform Single Report (better known as a “FOCUS Report”). A no-action letter issued by the CFTC last week provides an additional 30 days for...

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