Regulatory Alerts2017-05-30 | 2017-10801Whistleblower Awards Process
The Commodity Futures Trading Commission issued a final rule amending its whistleblower regulations to streamline the claims review process, clarify administrative authority, and implement updated anti-retaliation provisions. The amendments expand award eligibility by permitting payments for both Covered and Related Actions, removing the requirement that claimants be the original source of information, and extending the deadline to retain original source status from 120 to 180 days. The rule replaces the previous Whistleblower Award Determination Panel with a dedicated Claims Review Staff, establishes standardized procedures for evaluating award applications, and incorporates foreign futures authorities into the reporting framework.
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