Regulatory Alerts2023-02-24 | 2023-03661Order Designating the Unique Product Identifier and Product Classification System To Be Used in Recordkeeping and Swap Data Reporting
The Commodity Futures Trading Commission issued an order designating unique product identifiers issued by the Derivatives Service Bureau Limited for use in swap recordkeeping and data reporting. This designation applies to swaps in the credit, equity, foreign exchange, and interest rate asset classes, requiring registered entities and counterparties to utilize these identifiers to comply with Commission regulations. The decision ensures that the identifiers meet statutory requirements for distinctiveness and specificity to enhance market transparency and facilitate real-time public reporting.
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