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CFTC Part 49 (Swaps)

Compliance with CFTC Part 49 is predicated on maintaining an active registration as a Swap Data Repository (SDR) pursuant to procedures outlined in 17 CFR…

What CFTC Part 49 (Swaps) requires

Compliance with CFTC Part 49 is predicated on maintaining an active registration as a Swap Data Repository (SDR) pursuant to procedures outlined in 17 CFR § 49.3. A designated Chief Compliance Officer, as mandated by 17 CFR § 49.22, administers the comprehensive compliance program and ensures an annual compliance report is filed. The SDR actively disseminates swap transaction data through real-time public reporting mechanisms consistent with 17 CFR § 49.15, while also providing the Commission with direct electronic access to all SDR data as required under 17 CFR § 49.17. Comprehensive swap data recordkeeping obligations are met per 17 CFR § 49.12; all data is maintained for a minimum of five years following swap termination. Strict privacy and confidentiality protocols are enforced over this information, adhering to requirements of 17 CFR § 49.16. Operational integrity and data security are further upheld through fully compliant system safeguards. These safeguards include the successful execution of an annual penetration test, robust disaster recovery plans targeting a two-hour Recovery Time Objective, and a formal procedure for cyber incident notification to the Commission within 24 hours of discovery, ensuring the protection and availability of critical market data.

Pillar: Banking & Global Finance · Authority: Commodity Futures Trading Commission (CFTC) · Version: 1.1.0 · Last updated:

Primary source: https://www.cftc.gov/LawRegulation/CommodityExchangeAct/index.htm

SHA-256 integrity: 84fe76fbb8fb17a3e20dba2592a3a1499c591026342cb7ebeebb1c7faf9664e8

Primary Citations — 7 traced to source

  • 17 CFR § 49.3 - Procedures for registration for swap data repositories
  • 17 CFR § 49.12 - Swap data repository recordkeeping requirements

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