Regulatory Alerts2020-11-25 | 2020-21570Certain Swap Data Repository and Data Reporting Requirements
The Commodity Futures Trading Commission issued final rules amending Parts 43, 45, and 49 to enhance the accuracy and oversight of swap data reported to Swap Data Repositories. The amendments establish a new verification regime requiring SDRs to confirm data accuracy with counterparties and mandate that reporting parties verify their data against SDR records. Additionally, the rules streamline reporting by replacing primary economic terms with swap creation and continuation data, extend reporting deadlines to T+1 or T+2, and harmonize standards with international technical requirements.
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