Alert December 28, 2010

CFTC OTC Derivatives Rulemaking – Information Management Requirements for Derivatives Clearing Organizations

The CFTC issued a release proposing rules related to (a) establishing the regulatory standards for compliance by derivatives clearing organizations (“DCOs”) with core principles related to reporting, recordkeeping,  public information, and information sharing, (b) technical amendments to existing regulations required by the proposed regulations, and (c) delegating to the Director of the Division of Clearing and Intermediary Oversight the CFTC’s authority to require reports by certain persons for positions cleared on a DCO.  Comments on the proposals are due by February 14, 2011.