Regulatory Alerts2016-06-27 | 2016-14414Amendments to Swap Data Recordkeeping and Reporting Requirements for Cleared Swaps
The Commodity Futures Trading Commission adopted final regulations clarifying swap data reporting obligations for cleared swaps under Part 45 of its regulations. These amendments delineate specific reporting duties for swap data repositories, derivatives clearing organizations, and counterparties by distinguishing between original and clearing swaps. The rule also establishes that the derivatives clearing organization is the reporting counterparty for clearing swaps and mandates that all data for a clearing swap be reported to a single swap data repository.
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