Commodity Futures Trading Commission: Swap Data Repositories: Registration Standards, Duties and Core Principles
GAO-11-945R, Sep 16, 2011
GAO reviewed the Commodity Futures Trading Commission's (Commission) new rule on swap repositories and registration standards, duties and core principles. GAO found that the rule implements section 21 of the Commodity Exchange Act ("CEA"), which establishes registration requirements, statutory duties, core principles, and certain compliance obligations for registered swap data repositories ("SDRs"). Section 21 of the CEA was added by section 728 of the Dodd-Frank Wall Street Reform and Consumer Protection Act ("Dodd-Frank Act"); and (2) Commission complied with applicable requirements in promulgating the rule.