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CFTC Outlines Expectations for New Annual Reports from CCOs

Joe Mont | January 12, 2015

The Commodity Futures Trading Commission recently clarified its expectations for the new annual reports required of the compliance officers at swap dealers and other registrants. Along with the first batch of annual filings, firms and industry groups have asked the CFTC’s Division of Swap Dealer and Intermediary Oversight for additional guidance on what should be included. The new advisory is intended to address some of those questions and concerns.

The CFTC adopted the reporting requirement for compliance officers as part of its ongoing efforts to bring the Commodity Exchange Act into conformance with Dodd-Frank Act requirements. The chief compliance officer of a swap dealer, major swap participant, or futures commission merchant must prepare and furnish to the board of directors, or...

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