Electronic Submission

CFTC Proposed Rules on Identification of Futures and Swaps Participants

On June 28, the CFTC issued proposed rules to enhance its identification of participants in futures and swaps markets regulated by the CFTC. The proposed rules will also automate the CFTC’s existing position and transaction reporting programs by requiring electronic submission of trader identification and market participant data. Comments must be submitted within 60 days of publication in the Federal Register. CFTC Release.

FINRA to Require Electronic Submission of Annual Audit Reports

On October 30, FINRA announced the revision of the process by which member firms submit annual audited financial statements pursuant to Rule 17a-5(d) under the Exchange Act. Member firms, for which FINRA is the designated examining authority, will be required, pursuant to NASD Rule 3170, to submit their annual audit reports in electronic form. The new requirements will be effective November 8 and will be applicable to annual audit reports with a fiscal year end on or after September 30. FINRA Notice.