March 19, 2024
Volume XIV, Number 79
Home
Legal Analysis. Expertly Written. Quickly Found.
CFTC Extends Designation of DTCC-SWIFT as Provider of Legal Entity Identifiers
Saturday, July 25, 2015

On July 20, the Commodity Futures Trading Commission issued an order extending the designation of the Depository Trust and Clearing Corporation and Society for Worldwide Interbank Financial Telecommunications joint venture (DTCC-SWIFT) as the provider of legal entity identifiers (LEIs) on an interim basis until the CFTC transitions to a global LEI system. The order permits registered entities and swap counterparties subject to the CFTC’s jurisdiction to comply with the swap data recordkeeping and reporting obligations under Parts 45 and 46 of the CFTC’s regulations by using LEIs issued by DTCC-SWIFT or any other pre-local operating unit (pre-LOU) that has been endorsed by the Regulatory Oversight Committee (ROC) of the global LEI system as globally acceptable.

 

The CFTC initially designated DTCC-SWIFT as a provider of LEIs for a two-year term by order dated July 23, 2012. The terms of the order were amended on June 7, 2013, and the order was extended for a one-year period on July 22, 2014. The latest order extends DTCC-SWIFT’s designation for an additional one-year term.

The CFTC’s order extending DTCC-SWIFT’s designation is available here. The list of globally acceptable pre-LOUs, including the website address for each such pre-LOU, is available here.

 

 

 

NLR Logo

We collaborate with the world's leading lawyers to deliver news tailored for you. Sign Up to receive our free e-Newsbulletins

 

Sign Up for e-NewsBulletins