Federal Register #2026-14710

CFTC Sunsets Position-Reporting Requirements for Physical Commodity Swaps

This opportunity involves a regulatory action by the Commodity Futures Trading Commission (CFTC) regarding reporting requirements for physical commodity swaps. - Government Buyer: - Commodity Futures Trading Commission (CFTC) - No OEMs, vendors, or commercial products are involved, as this is not a procurement action. - Products/Services Requested: - No products or services are being procured; the order sunsets certain reporting requirements for market participants. - Unique/Notable Requirements: - The CFTC is ending the routine position-reporting requirements for physical commodity swaps under Part 20. - Clearing organizations, clearing members, and swap dealers are no longer required to file daily and event-based position reports. - The CFTC retains authority to request records and conversion methods on special call. - This action is intended to reduce duplicative and costly reporting obligations while maintaining oversight capabilities.

Description

The Commodity Futures Trading Commission (CFTC) is issuing a final order to sunset the routine position-reporting requirements of Part 20 for physical commodity swaps, effective July 21, 2026. This order renders the daily and event-based position reports currently required under Part 20 ineffective and unenforceable, while preserving the Commission's authority to require maintenance and production of underlying books, records, and futures-equivalent conversion methods on special call. The decision is based on the Commission's enhanced swap data reporting regime, which now provides comprehensive and timely data, making the Part 20 reports largely duplicative and costly for market participants. Clearing organizations, clearing members, and swap dealers will no longer be required to file these routine reports, but must retain records for special call requests.

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