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The leading knowledge platform for the financial technology industry

A-Team Insight Blogs

CFTC Issues Proposed Rulemaking to Improve Account Ownership and Control Data

The Commodity Futures Trading Commission (CFTC) today approved for publication in the Federal Register a Notice of Proposed Rulemaking that calls for the collection of certain ownership, control and other information for all trading accounts active on US futures exchanges and other reporting entities. The information will be collected via an account ownership and control report (OCR) submitted periodically to the CFTC by reporting entities. Specifically, OCR data will include trading account numbers, the names and addresses of accounts’ owners and controllers, owners’ and controllers’ dates of birth and other information necessary to uniquely identify owners and controllers to identify related trading accounts.

“The CFTC is committed to effective and efficient market oversight to best protect the American public,” CFTC chairman Gary Gensler said. “OCR data will increase market transparency and strengthen the CFTC’s surveillance of the futures marketplace.”

The Proposed Rulemaking will be published with a 60 day comment period.

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