Federal Register: Swap Data Repositories

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Gavel.png FINAL RULE: This page refers to the proposed rulemaking on swap data repositories. The CFTC final rule was issued at its August 4, 2011 open meeting.
Dodd-Frank Timeline, Registration and Regulation of Swap Data Repositories
Proposal Date Final Rule Issue Effective Date*
December 23, 2010 September 1, 2011 October 31, 2011

On November 10, 2010, the Commodity Futures Trading Commission (CFTC) held its fourth in the series of open meetings to consider the issuance of proposed rulemakings under the Dodd-Frank Act. One of the agenda items was rule proposal regarding the registration and regulation of swap data repositories (SDRs).<ref>Open Meeting on Fifth Series of Proposed Rules under the Dodd-Frank Act. CFTC. Retrieved on March 10, 2011.</ref>

The Proposal[edit]

In keeping with the requirements of the Dodd-Frank Act, the commission issued a proposed rule to establish registration and regulation requirements for a newly created entity, the "swap data repository" (SDR). In the proposal:

  • registration requirements will include the adoption of a new registration form—Form SDR;
  • SDR duties will include data acceptance; confirmation recordkeeping; real-time reporting, monitoring, screening and analyzing of data; maintenance of data privacy; regulator access; and adoption of emergency procedure requirements; and
  • SDR core principles will include considerations for antitrust, governance, and conflicts of interest.

Related Documents: Fact Sheet, Q&A, and Rule Proposal as it Appeared in the Federal Register[edit]


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