Regulatory Alerts2012-07-26 | 2012-16180Ownership and Control Reports, Forms 102/102S, 40/40S, and 71
The Commodity Futures Trading Commission withdraws its 2010 proposed rule for a standalone Account Ownership and Control Report and simultaneously proposes new rules to enhance trader identification. The new proposal requires electronic submission of data on amended Forms 102 and 40, and a new Form 71, to capture ownership and control information for volume threshold accounts on designated contract markets and swap execution facilities. These changes aim to improve market surveillance by linking position data with trade records to better detect manipulation and understand account relationships.
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