CFTC Proposes Rules to Enhance Identification of Market Participants

The CFTC today approved notice of proposed rules that would enhance its existing position and transaction reporting program by requiring the electronic submission of expanded trader identification and market participant data.

If implemented, the rules would give the CFTC stronger tools to prevent market manipulation and improper trading practices. They would also improve the agency’s risk-based monitoring and surveillance between related accounts.

The proposed rules replace an earlier proposal to implement the collection of an ownership and control report (OCR) for trading accounts active on designated contract markets (DCMs) or swap execution facilities (SEFs), which the CFTC has decided to withdraw.

The CFTC will accept public comment on the proposed rules for 60 days after they are published in the Federal Register.

Read more about the proposed rules.

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