The CFTC announced its intention to collect certain ownership and control information for all trading accounts active on U.S. futures exchanges. The information will be collected via an account ownership and control report (“OCR”) submitted periodically to the Commission by designated contract markets and potentially other reporting entities. OCR data will include trading account numbers, the names and addresses of accounts’ owners and controllers, and the last four digits of owners’ and controllers’ social security or tax identification numbers. The CFTC believes that the collection of OCR data will enhance market transparency, leverage existing surveillance systems, and foster synergies between the Commission’s regulatory, enforcement, and economic research programs. The CFTC is seeking public comment to help implement the OCR. Comments must be submitted no later than August 17, 2009.
Alert July 07, 2009