Regulatory Alerts2024-06-03 | 2024-11798Large Trader Reporting Requirements
The Commodity Futures Trading Commission (CFTC) issued a final rule amending 17 CFR Part 17 to modernize large trader position reporting requirements for futures and options. The amendments eliminate the legacy 80-character Cobol-based submission format and delegate authority to the Director of the Office of Data and Technology to designate modern electronic data standards, such as FIXML, while replacing static data fields with a new appendix specifying required reporting elements. These changes aim to improve data quality, enable reporting of complex contract features, and ensure timely publication of the Commitments of Traders report, with a compliance deadline of June 3, 2026.
Share