On June 18th, the SEC and the Commodity Futures Trading Commission (CFTC) released a joint request for comment to consider ways to harmonize swap data reporting across the security‑based swap and swap markets. The coordinated effort to align swap data reporting is part of the agencies’ ongoing responsibilities pursuant to the Dodd‑Frank Act, which set up distinct but complementary reporting systems for each agency.
The agencies are assessing whether revising these structures might better support market oversight by requesting public feedback on the following measures:
- aligning reporting regulations across agencies
- enhancing the transparency, clarity and reliability of reported data
- decreasing operational and administrative burdens
- broadening the use of common identifiers and reference standards
- reviewing practical considerations for adopting revisions
For more information on the Swap and Security-Based Swap Data Reporting joint for request for comment, please visit the SEC’s site.
The SEC and CFTC welcome comments during the public comment period, which will remain open for 60 days following publication in the Federal Register.
Sources:
SEC, CFTC Seek Public Input on Data Reporting Frameworks for Security-Based Swap and Swap Markets (sec.gov)
Joint Request for Comment on Swap and Security-Based Swap Data Reporting (sec.gov)
