July 5, 2015

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July 03, 2015

July 02, 2015

Commodity Futures Trading Commission (CFTC) Announces Mutual Acceptance of Approved Legal Entity Identifiers

On October 30, the Commodity Futures Trading Commission’s chief information officer announced that registered entities and swap counterparties subject to CFTC swap data recordkeeping and reporting requirements concerning legal entity identifiers (LEIs) may now comply with those regulations by using any LEI issued by a provider that has been endorsed by the Regulatory Oversight Committee (ROC) of the global LEI system. Following this announcement, market participants may use CFTC Interim Compliant Identifiers (CICIs) issued by the CICI utility operated by DTCC-SWIFT or any other LEI codes endorsed by the ROC.   

A complete listing of LEIs that have been endorsed by the ROC is available here

The CFTC notice is available here.

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About this Author

Kevin M. Foley, Finance Attorney, Katten Muchin law Firm
Partner

Kevin M. Foley has extensive experience in commodities law and advises a wide range of clients, both in the United States and abroad, on compliance with the Commodity Exchange Act and the rules of the Commodity Futures Trading Commission (CFTC) affecting traditional exchange-traded products, as well as the over-the-counter markets involving swaps and other derivative instruments. His clients include futures commission merchants, derivatives clearing organizations, designated contract markets, foreign boards of trade and an industry trade association.

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