Regulatory Alerts2016-08-12 | 2016-19231Chief Compliance Officer Annual Report Requirements for Futures Commission Merchants, Swap Dealers, and Major Swap Participants; Amendments to Filing Dates
The Commodity Futures Trading Commission proposes amendments to Regulation 3.3 to modify the filing deadlines for Chief Compliance Officer annual reports for futures commission merchants, swap dealers, and major swap participants. The proposal codifies existing no-action relief by extending the filing period for these entities to 30 or 90 days after specific financial report submissions and establishes a 15-day grace period for registrants in substituted compliance jurisdictions. Additionally, the Commission seeks to delegate authority to the Director of the Division of Swap Dealer and Intermediary Oversight to grant time extensions for late filings under specific circumstances.
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