Whistleblower Provisions Regulation - Comment Letter - SIFMA/FIA - February 3, 2011

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Gavel.png FINAL RULE: This page refers to the proposed rulemaking on whistleblower provisions. The CFTC final rule was issued at its August 4, 2011 open meeting. The SEC final rule was issued at its May 25, 2011 open meeting.
Dodd-Frank Timeline, Whistleblower Provisions, CFTC
Final Rule Issue Effective Date Proposed Amendment
August 4, 2011 October 24, 2011 August 30, 2016

CFTC Whistleblower Provisions
February 3, 2011

In the comment letter, SIFMA and the FIA:

  • believe that the Proposed Rules "do not go far enough to protect the critical role played by internal compliance reporting systems, and therefore weaken the overall system of prevention and detection;"
  • agree with the CFTC’s proposal "to require individuals in legal, supervisory and other control functions to escalate potential violations through internal reporting lines;" and
  • urge the CFTC to "harmonize its whistleblower rules with the efforts of the Securities and Exchange Commission (“SEC”) to encourage cooperation in enforcement matters."

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