2025-03820NoticeWallet

CFTC Seeks Comments on Trader Reporting Paperwork Burden

Published Date: 3/11/2025

Notice

Summary

The Commodity Futures Trading Commission is asking for public feedback on a paperwork update that affects traders and companies who report information to them. They want to make sure the forms and data collection are clear and not too costly or time-consuming. You’ve got until April 10, 2025, to share your thoughts and help shape the process!

Analyzed Economic Effects

2 provisions identified: 1 benefits, 1 costs, 0 mixed.

SEFs face large paperwork time burden

If you operate a swap execution facility (SEF), the Commodity Futures Trading Commission estimates the paperwork burden for this information collection at 775 hours per respondent, with 20 respondents and a total annual burden of 15,499 hours. This collection supports Part 37 requirements like SEF registration, transaction confirmations, and compliance with 15 core principles.

No capital or O&M costs required

The notice states there are no capital costs or operating and maintenance (O&M) costs associated with this information collection. SEFs are not being charged new direct equipment or O&M expenses under this collection.

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Key Dates

Published Date
Effective Date
3/11/2025
4/10/2025

Department and Agencies

Department
Independent Agency
Agency
Commodity Futures Trading Commission
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