CFTC Publishes Final Rules on Ownership and Control Reports (Fed. Reg.)

The CFTC's new rules on Ownership and Control Reports, and related Forms 102/102S, 40/40S, and 71 to enhance its identification of futures and swap market participants, have been published in the Federal Register.

The final rules are intended to leverage the CFTC's current position and transaction-reporting programs by requiring the electronic submission of trader identification and market participant data on amended Forms 102 and 40 and on new Form 71. The new and amended forms require the reporting of certain trading accounts active on reporting markets that are designated contract markets or swap execution facilities. The forms collect, among other information, ownership and control information with respect to both position-based special accounts and trading accounts that meet specified volume-based reporting levels. The effective date of these rules is February 18, 2014, and the compliance date is August 15, 2014.

See: 78 FR 69177.Related news: CFTC Approves Final Rules Enhancing Customer Protections (with Cadwalader Memo on the Rule and Delta Strategy Group's Summary of Meeting) (October 31, 2013).