Certain Swap Data Repository and Data Reporting Requirements

Document Headings Document headings vary by document type but may contain the following: the agency or agencies that issued and signed a document the number of the CFR title and the number of each part the document amends, proposes to amend, or is directly related to the agency docket number / agency internal file number the RIN which identifies each regulatory action listed in the Unified Agenda of Federal Regulatory and Deregulatory Actions See the Document Drafting Handbook for more details. Commodity Futures Trading Commission 17 CFR Parts 43, 45, and 49 RIN 3038-AE32 AGENCY: Commodity Futures Trading Commission. ACTION: Final rule. SUMMARY: The Commodity Futures Trading Commission (“Commission” or “CFTC”) is amending its regulations to improve the accuracy of data reported to, and maintained by, swap data repositories (“SDRs”), and to provide enhanced and streamlined oversight over SDRs and data reporting generally. Among other changes, the amendments ( printed page 75602) modify existing requirements for SDRs to establish policies and procedures to confirm the accuracy of swap data with both counterparties to a swap and require reporting counterparties to verify the accuracy of swap data pursuant to those SDR procedures. The amendments also update existing requirements related to corrections for data errors and certain provisions related to SDR governance. DATES: Effective date: The effective date for this final rule is January 25, 2021. Compliance date: The compliance date for all amendments and additions under this final rule is May 25, 2022. FOR FURTHER INFORMATION CONTACT: Benjamin DeMaria, Special Counsel, Division of Market Oversight, (202) 418-5988, bdemaria@cftc.gov ; Eliezer Mishory, Special Counsel, Division of Market Oversight, (202) 418-5609, emishory@cftc.gov ; Israel Goodman, Special Counsel, Division of Market Oversight, (202) 418-6715, igoodman@cftc.gov ; Mark Fajfar, Assistant General Counsel, Office of the …