Who is regulated by CFTC?
the U.S. derivatives markets
The Commodity Futures Trading Commission is an independent U.S. government agency that regulates the U.S. derivatives markets, including futures, options, and swaps.
Can CFTC take action against non registrants?
Non-Registrant Sanctions: CFTC Taking Actions for Failure to File Required Reports. Non-Registrants face many CFTC rules and regulations, and increasingly the obligation to file certain reporting forms, including Forms 204 and 304.
Do I need to register with CFTC?
The Commodity Exchange Act requires certain firms and individuals to be registered with the CFTC. Registration and examination of intermediaries is conducted on behalf of the CFTC by the National Futures Association (NFA) under the supervision of the CFTC.
Does an associated person need to register with the CFTC?
Registration is generally required unless: The individual is already registered as an FCM, IB or Floor Broker* or. The individual is already registered as a CPO if he or she is to be associated with a CPO or.
What are non reportable positions?
A Non-reportable position, in line with the CFTC’s definition, is that of any trader whose position is smaller than the reporting level in every contract month (350 for Brent, 250 for gasoil, 100 for soft commodities).
Who Must file CFTC Form 40?
Who Must File a Form 40 – Every person who holds or controls a reportable position must file a CFTC Form 40, Statement of Reporting Trader. (See section 18.04 of the regulations under the Commodity Exchange Act.) Persons include individuals, associations, partnerships, corporations, and trusts.
What is a Dodd-Frank swap?
The Dodd-Frank Act divides regulatory authority over swap agreements between the CFTC and SEC (though the prudential regulators, such as the Federal Reserve Board, also have an important role in setting capital and margin for swap entities that are banks).
Who is in charge CFTC?
Washington, D.C. — Commodity Futures Trading Commission Chairman Rostin Behnam today announced the following leadership appointments as he begins his chairmanship.