Federal Register #3038-0091

CFTC Seeks Comment on Extension of Cleared Swaps Customer Collateral Information Collection

The Commodity Futures Trading Commission (CFTC) is inviting public comment on the extension of an information collection requirement for Cleared Swaps Customer Collateral. - Government Buyer: - Commodity Futures Trading Commission (CFTC), an independent federal regulatory agency - OEMs and Vendors: - CFTC is the only entity mentioned; no commercial OEMs or vendors are involved - Products/Services Requested: - Information collection and compliance reporting services related to Cleared Swaps Customer Collateral - Requirements for futures commission merchants (FCMs) and derivatives clearing organizations (DCOs) to: - Report and retain information on customer collateral - Perform daily computations of customer collateral - Obtain acknowledgments from depositories - Disclose collateral use to customers - Provide written notices for certain withdrawals - Unique/Notable Requirements: - Focus on regulatory compliance and information retention - No physical products or purchase quantities requested - Opportunity centers on improving the information collection process and reducing respondent burden

Description

The Commodity Futures Trading Commission (CFTC) is seeking public comment on the proposed extension of an existing information collection related to Cleared Swaps Customer Collateral. This collection involves requirements for futures commission merchants (FCMs) and derivatives clearing organizations (DCOs) to report and retain information to ensure compliance with statutory and regulatory requirements. The information collected includes daily computations of customer collateral, acknowledgments from depositories, and disclosures to customers regarding the use of their collateral. The comment period for this extension closes on October 5, 2026.

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