The Commodity Futures Trading Commission (CFTC) said it would form an interdivisional staff working group to review certain swaps transaction data recordkeeping and reporting requirements enacted under Dodd-Frank. The move came at the request of Republican Commissioner Scott O’Malia, who said the review will help the agency develop a better understanding of specific changes that can be made to enhance regulatory compliance and reduce misreporting that has undermined the commission’s ability to use its regulatory data.
The working group, led by the director of the Division of Market Oversight, will seek public comment on questions pertaining to compliance with the commission’s Part 45 reporting rules and related provisions. Questions will also focus on consistency in regulatory reporting among market participants, the CFTC said.