Swap Data Repositories-Access to SDR Data by Market Participants
The Commodity Futures Trading Commission (``Commission'' or ``CFTC'') is adopting an interim final rule to clarify the scope of permissible access by market participants to swap data and information maintained by a registered swap data repository (``SDR''). Specifically, the interim final rule clarifies that, for a swap that is executed anonymously on a swap execution facility or designated contract market, and then cleared in accordance with the Commission's straight-through processing requirements, the data and information maintained by a registered SDR that may be accessed by either counterparty to the swap does not include the identity of the other counterparty to the swap, the identity of the other counterparty's clearing member for the swap, or such counterparty's or clearing member's legal entity identifier.
Review of Swap Data Recordkeeping and Reporting Requirements
On January 21, 2014, the Commodity Futures Trading Commission (``Commission'' or ``CFTC'') announced the formation of an interdivisional staff working group (``Working Group'') \1\ to review its swap data reporting rules and related provisions set forth in part 45 of the Commission's regulations.\2\ Among other objectives, the Working Group was asked to identify and make recommendations to resolve reporting challenges, and to consider data field standardization and consistency in reporting by market participants. Consistent with those efforts, and informed by the Working Group's analysis to date, the Commission today requests comment on specific swap data reporting and recordkeeping rules to help determine how such rules are being applied and to determine whether or what clarifications, enhancements or guidance may be appropriate. This request for comment is limited to part 45 and related provisions.