On January 13, the Commodity Futures Trading Commission approved for publication in the Federal Register proposed amendments to Part 49 of the CFTC’s regulations relating to access to swap data held by Swap Data Repositories (SDR). Among other revisions, the proposal: (1) eliminates the requirement that foreign and domestic authorities seeking access to SDR swap data first indemnify the CFTC and each SDR from which such authorities access swap data; (2) permits, subject to satisfying certain conditions, domestic regulators to access SDR swap data by entering into confidentiality arrangements with the CFTC, and other domestic authorities, and all foreign authorities to receive such swap data after being deemed “appropriate” by the CFTC.

The CFTC also approved for publication in the Federal Register proposed amendments to Part 3 (relating to registration) and Part 9 (relating to review of exchange disciplinary, access denial or other adverse actions) of the CFTC’s regulations. The proposed amendments integrate existing advisory guidance, incorporate swap execution facilities (SEFs), update provisions currently applicable to designated contract markets (DCMs) and require the publication of final disciplinary and access denial actions taken by the SEFs and DCMs on their exchange websites.

Comments on the proposed rules must be received within 60 days following publication of the proposed amendments in the Federal Register.

For more information on the proposed amendment, click here.