United States:
CFTC Proposes To Amend Rules Governing Chief Compliance Officer Duties And Annual Reports For Certain Registrants
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Autored by
Amy Chan.
On May 3, 2017, the U.S. Commodity Futures Trading
Commission (CFTC) announced that it will
publish in the Federal Register proposed amendments to Part 3 of
its regulations. The proposed amendments would (1) define
"senior officer" in Regulation 3.1; (2) clarify the
duties of a Chief Compliance Officer
("CCO") of a futures commission
merchant, swap dealer, or major swap participant; and (3) modify
the CCO annual report's content and submission requirements.
The comment period ends 60 days after the proposal's
publication in the Federal Register. Press Release. Proposal.
The content of this article is intended to provide a general
guide to the subject matter. Specialist advice should be sought
about your specific circumstances.
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