CFTC Issues New Enforcement Cooperation and Self-Reporting Advisory
CFTC Division of Enforcement issued a staff advisory establishing a new cooperation framework offering potential declinations for voluntary self-reporting, full cooperation, and remediation.
The new policy creates a clearer declination pathway for entities that self-report, cooperate, and remediate absent aggravating factors. This materially changes incentives for proactive disclosure and shapes investigation strategy decisions.
Self-reporting incentives directly influence enforcement risk calculus, requiring updated playbooks for incident response and disclosure decisions.
Action Required
Update internal escalation, self-reporting, and remediation protocols to align with the new CFTC cooperation framework.
New enforcement policy reshapes cooperation calculus for regulated entities and warrants updates to compliance governance.
Revise enforcement response playbook to incorporate the CFTC's new self-reporting and cooperation framework. Establish decision criteria for voluntary disclosure, document remediation steps, and align with declination-eligibility standards.
“The CFTC issued a staff advisory containing the Division of Enforcement's new policy on cooperation, outlining a path for potential declination when a respondent voluntarily self-reports, fully cooperates, and effects timely remediation.”
Published: 2026-05-29