CFTC NEWS AND SPEECHES—CFTC amends large trader position reporting requirements for futures and options - 02 May 2024

The CFTC approved final rules amending Part 17 Large Trader Position Reporting with one dissent from Commissioner Pham.

The CFTC approved final rules to amend its large trading reporting regulations for futures and options. These regulations require futures commission merchants, clearing members, foreign brokers, and certain reporting markets to report to the CFTC position information for the largest futures and options traders. The final rules are effective 60 days after publication in the Federal Register. Reporting firms must comply with the final rules two years after publication in the Federal Register.

The final rules replace the data elements currently enumerated in the CFTC’s regulations with an appendix specifying applicable data elements. The final rules also provide for the publication of a separate Part 17 Guidebookspecifying the form and manner for reporting. Additionally, the final rules remove the outdated 80-character data submission standard in the CFTC’s regulations. That standard will be replaced by a FIXML standard, as set out in the Part 17 Guidebook.

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