Category: Large Trader Reporting

Large Trader Reporting requirements are mandated by regulatory authorities such as the Securities and Exchange Commission (SEC) and the Commodity Futures Trading Commission (CFTC) in the United States. These regulations compel individuals or entities engaged in substantial trading activities within securities and commodities markets to disclose comprehensive information to ensure market transparency, monitor systemic risks, and detect potential market manipulation or abusive trading practices. Large traders must periodically submit detailed reports outlining their positions, transactions, and other pertinent data, including identification details and trade volumes. This data enables regulators to analyze market behavior, enforce compliance with trading rules, and intervene swiftly in instances of irregularities or threats to market stability. Non-compliance with these reporting requirements can lead to significant penalties and regulatory actions imposed by the SEC or CFTC to uphold market integrity and investor protection.

CFTC-PR-8902-24

Categories Large Trader Reporting
CFTC NEWS - CFTC-PR-8902-24CFTC-PR-8902-24 (APR. 30, 2024)
PRESS RELEASE | CFTC-PR-8902-24

Commodity Futures Trading Commission Approves Final Rules on Large Trader Reporting for Futures and Options

Washington, D.C. — The Commodity Futures Trading Commission today announced approval of 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 (reporting firms) to report to the Commission position information for the largest futures and options traders.

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 Guidebook specifying the form and manner for reporting. In addition, the final rules remove the outdated 80-character data submission standard in the CFTC’s regulations.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.

“These amendments will modernize the CFTC’s large trader position reporting and align it with other reporting structures set out in the CFTC’s regulations,” said Vince McGonagle, Director of the Division of Market Oversight.

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.

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