2019-10-29 | 2019-23595Added · Updated
The Commodity Futures Trading Commission extends the comment period for its proposed rulemaking on swap data repository and data reporting requirements by an additional 90 days to January 27, 2020. This extension, granted at the request of market participants, allows for further analysis of proposed amendments regarding SDR verification, error correction, and operational governance. The Commission anticipates aligning future comment periods with additional rulemakings under its Roadmap to Achieve High Quality Swaps Data.
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COMMODITY FUTURES TRADING COMMISSION 17 CFR Parts 23, 43, 45, and 49 RIN 3038–AE32 Certain Swap Data Repository and Data Reporting Requirements AGENCY: Commodity Futures Trading Commission. ACTION: Extension of comment period. SUMMARY: On May 13, 2019, the Commodity Futures Trading Commission (Commission) published in the Federal Register a notice of proposed rulemaking (NPRM) titled Certain Swap Data Repository and Data Reporting Requirements. The comment period for the NPRM was originally scheduled to close on July 29, 2019. The Commission subsequently extended the comment period for 90 days to October 28, 2019. The Commission is further extending the comment period for this NPRM by an additional 90 days to January 27, 2020. DATES: The comment period for the NPRM titled Certain Swap Data Repository and Data Reporting Requirements, published on May 13, 2019 (84 FR 21044), is extended. Comments are due January 27, 2020. ADDRESSES: You may submit comments, identified by ‘‘Certain Swap Data Repository and Data Reporting Requirements’’ and RIN number 3038– AE32, by any of the following methods:
1Certain Swap Data Repository and Data Reporting Requirements, 84 FR 21044 (May 13, 2019). 2Certain Swap Data Repository and Data Reporting Requirements; Extension of Comment Period, 84 FR 35847 (July 25, 2019). 3See Letter from International Swaps and Derivatives Association and Securities Industry and Financial Markets Association (October 8, 2019), available at https://comments.cftc.gov/ PublicComments/ ViewComment.aspx?id=62212&SearchText=. 4See 84 FR at 21045–21046. 5See CFTC Letter 17–33, Division of Market Oversight Announces Review of Swap Reporting Rules in Parts 43, 45, and 49 of Commission Regulations (July 10, 2017), available at http:// www.cftc.gov/idc/groups/public/@lrlettergeneral/ documents/letter/17-33.pdf; Roadmap to Achieve High Quality Swap Data, available at http:// www.cftc.gov/idc/groups/public/@newsroom/ documents/file/dmo_swapdataplan071017.pdf. deliveries, submissions through the CFTC Comments Portal are encouraged. All comments must be submitted in English, or if not, accompanied by an English translation. Comments will be posted as received to https:// comments.cftc.gov. You should submit only information that you wish to make available publicly. If you wish the Commission to consider information that you believe is exempt from disclosure under the Freedom of Information Act (FOIA), a petition for confidential treatment of the exempt information may be submitted according to the procedures established in 17 CFR
145.9 of the Commission’s regulations.
The Commission reserves the right, but shall have no obligation, to review, pre-screen, filter, redact, refuse or remove any or all of your submission from https://comments.cftc.gov that it may deem to be inappropriate for publication, such as obscene language. All submissions that have been redacted or removed that contain comments on the merits of the rulemaking will be retained in the public comment file and will be considered as required under the Administrative Procedure Act and other applicable laws, and may be accessible under the FOIA. FOR FURTHER INFORMATION CONTACT:
Benjamin DeMaria, Special Counsel, 202–418–5988, bdemaria@cftc.gov or Meghan Tente, Acting Associate Director, 202–418–5785, mtente@ cftc.gov; Division of Market Oversight, Data and Reporting Branch, Commodity Futures Trading Commission, Three Lafayette Centre, 1155 21st Street NW, Washington, DC 20581. SUPPLEMENTARY INFORMATION: On May 13, 2019, the Commission published in the Federal Register an NPRM proposing amendments to certain regulations applicable to swap data repositories (SDRs), reporting counterparties, and other market participants.1 The proposed amendments would, among other things, update requirements for SDRs to verify swap data with reporting counterparties, update requirements to correct swap data errors and omissions, and update and clarify certain SDR operational and governance requirements. The comment period for the NPRM was scheduled to close on July 29, 2019. The Commission subsequently extended the comment period for the NPRM by an additional 90 days to October 28, 2019.2 At the request of market participants,3 the Commission is again extending the comment period for this NPRM for an additional 90 days to January 27, 2020. This extension of the comment period will allow interested persons additional time to analyze the proposal and prepare their comments. As stated in the NPRM,4 the Commission anticipates reopening or extending the comment period for this NPRM to coincide with the comment periods for the additional planned rulemakings under the Commission’s Roadmap to Achieve High Quality Swaps Data (‘‘Roadmap’’),5 in order to provide market participants with the opportunity to comment collectively on all rulemakings proposed under the Roadmap. The Commission does not anticipate further extending the comment period for this NPRM in the absence of the additional Roadmap rulemakings. In the instance where the additional Roadmap rulemakings are not proposed before the expiration of the extended comment period for this NPRM, the Commission anticipates reopening this comment period when the remaining Roadmap rulemakings are proposed. Issued in Washington, DC, on October 24, 2019, by the Commission. Robert Sidman, Deputy Secretary of the Commission. Note: The following appendix will not appear in the Code of Federal Regulations.
Appendix to Certain Swap Data
Repository and Data Reporting Requirements—Commission Voting Summary On this matter, Chairman Tarbert and Commissioners Quintenz, Behnam, Stump, and Berkovitz voted in the affirmative. No Commissioner voted in the negative. [FR Doc. 2019–23595 Filed 10–28–19; 8:45 am] BILLING CODE 6351–01–P
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