Designation of a Chief Compliance Officer for FCMs, SDs & MSPs
Published on:
June 3, 2011
Submitted to:
CFTC
Submitted by:
SIFMA, FIA
Committee:
SIFMA and the Futures Industry Association (FIA) provide supplemental comments to the Commodity Futures Trading Commission (CFTC) on the designation of a chief compliance officer for futures commission merchants (FCMs), swap dealers (SDs), and major swap participants (MSPs). RIN 3038-AC96. The proposals would implement certain requirements included in Title VII of the Dodd-Frank Wall Street Reform and Consumer Protection Act (Dodd-Frank Act) that amend the Commodity Exchange Act (the CEA). The groups’ additional observations and recommendations supplement those provided to the CFTC in their joint letter of January 18, 2011.