2015-09-22 | 2015-24021

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Proposal To Amend the Definition of Material Terms for Purposes of Swap Portfolio Reconciliation

The Commodity Futures Trading Commission proposes to amend the definition of material terms in its swap portfolio reconciliation regulations to exclude specific administrative data fields. This change aligns the regulatory definition with prior no-action relief, removing items such as clearing indicators and execution timestamps for cleared swaps from the reconciliation process. The Commission retains these fields for uncleared swaps to ensure accurate reporting to swap data repositories and effective enforcement of clearing requirements.

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Commodity Futures Trading Commission

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