CFTC should delay trade-reports verification rule until revealing full scope of plans, industry group says

5 September 2019 9:28pm
Heath Tarbert, the new head of the US Commodity Futures Trading Commission, should hold off on piecemeal rulemaking aimed at improving the accuracy of derivative trade reports until all planned changes in this arena are disclosed, an industry group said.

“The various rulemakings need to be considered holistically as they are interrelated,” the Futures Industry Association said in a letter last week. “It is difficult for market participants to provide meaningful comments on the proposal without seeing the full scope of contemplated changes to the reporting rules.”