Proposed Rules. Extension of comment period
/register/2019/10/29/2019-23595·A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
Agency: Commodity Futures Trading Commission
Action: Extension of comment period
Citation: FR Doc. 2019-23595 · RIN 3038-AE32 · 17 CFR 23, 43, 45, 49
Summary
On May 13, 2019, the Commodity Futures Trading Commission (Commission) published in the Federal Register a notice of proposed rulemaking (NPRM) titled Certain Swap Data Repository and Data Reporting Requirements. The comment period for the NPRM was originally scheduled to close on July 29, 2019. The Commission subsequently extended the comment period for 90 days to October 28, 2019. The Commission is further extending the comment period for this NPRM by an additional 90 days to January 27, 2020.
Dates
The comment period for the NPRM titled Certain Swap Data Repository and Data Reporting Requirements, published on May 13, 2019 (84 FR 21044), is extended. Comments are due January 27, 2020.
Supplementary Information
On May 13, 2019, the Commission published in the Federal Register an NPRM proposing amendments to certain regulations applicable to swap data repositories (SDRs), reporting counterparties, and other market participants. 1 The proposed amendments would, among other things, update requirements for SDRs to verify swap data with reporting counterparties, update requirements to correct swap data errors and omissions, and update and clarify certain SDR operational and governance requirements. 1 Certain Swap Data Repository and Data Reporting Requirements, 84 FR 21044 (May 13, 2019). The comment period for the NPRM was scheduled to close on July 29, 2019. The Commission subsequently extended the comment period for the NPRM by an additional 90 days to October 28, 2019. 2 At the request of market participants, 3 the Commission is again extending the comment period for this NPRM for an additional 90 days to January 27, 2020. This extension of the comment period will allow interested persons additional time to analyze the proposal and prepare their comments. 2 Certain Swap Data Repository and Data Reporting Requirements; Extension of Comment Period, 84 FR 35847 (July 25, 2019). 3 See Letter from International Swaps and Derivatives Association and Securities Industry and Financial Markets Association (October 8, 2019), available at . As stated in the NPRM, 4 the Commission anticipates reopening or extending the comment period for this NPRM to coincide with the comment periods for the additional planned rulemakings under the Commission's Roadmap to Achieve High Quality Swaps Data (“Roadmap”), 5 in order to provide market participants with the opportunity to comment collectively on all rulemakings proposed under the Roadmap. The Commission does not anticipate further extending the comment period for this NPRM in the absence of the additional Roadmap rulemakings. In the instance where the additional Roadmap rulemakings are not proposed before the expiration of the extended comment period for this NPRM, the Commission anticipates reopening this comment period when the remaining Roadmap rulemakings are proposed. 4 See 84 FR at 21045-21046. 5 See CFTC Letter 17-33, Division of Market Oversight Announces Review of Swap Reporting Rules in Parts 43, 45, and 49 of Commission Regulations (July 10, 2017), available at ; Roadmap to Achieve High Quality Swap Data, available at . Issued in Washington, DC, on October 24, 2019, by the Commission. Robert Sidman, Deputy Secretary of the Commission. Note: The following appendix will not appear in the Code of Federal Regulations. Appendix to Certain Swap Data Repository and Data Reporting Requirements—Commission Voting Summary On this matter, Chairman Tarbert and Commissioners Quintenz, Behnam, Stump, and Berkovitz voted in the affirmative. No Commissioner voted in the negative. [FR Doc. 2019-23595 Filed 10-28-19; 8:45 am]