CFTC sunsets Part 20 large trader reporting for commodity swaps
CFTC issued a final order sunsetting Part 20 routine position-reporting requirements for physical commodity swaps by clearing organizations, clearing members, and swap dealers.
The final order eliminates daily and event-based Part 20 position reports for physical commodity swaps, reducing reporting burden on swap dealers and clearing entities. Firms must adjust reporting infrastructure while ensuring adequate internal position monitoring remains in place to satisfy market surveillance expectations.
Removes a longstanding swaps reporting obligation, altering compliance workflows and CFTC market surveillance data sources.
Action Required
Update swap reporting operations to decommission Part 20 filings and reassess residual regulatory reporting obligations and internal surveillance.
Material rollback of swap reporting rules affecting swap dealers and clearing infrastructure.
Decommission Part 20 daily and event-based swap position reporting. Confirm alternative surveillance controls remain effective; update compliance procedures, systems, and vendor obligations.
“The CFTC issued a final order sunsetting the routine position-reporting requirements of Part 20, the large trader reporting rules for physical commodity swaps. Clearing organizations, clearing members, and swap dealers will no longer be required to file the daily and event-based position reports currently required under Part 20.”