CFTC sets up website for swap data registrants

Are you an Interim Compliant Identifier?

CFTC building, sign CFTC building, sign

The following is from the CFTC...

The Commodity Futures Trading Commission (CFTC) today announced the launch of a website for market participants to register for CFTC Interim Compliant Identifiers (CICI).

CICIs are interim legal entity identifiers (LEI), which will be used by registered entities and swap counterparties in complying with the CFTC’s swap data reporting regulations. On July 24, 2012, the Commission designated DTCC-SWIFT as the provider of CICIs.

Market participants who are required to obtain a CICI to comply with the Commission’s swap data reporting regulations can now do so through the new CICI website: http://www.ciciutility.org. The website, which is free and publicly available, is owned, managed and operated by DTCC-SWIFT.

The CFTC is also participating in an international process, coordinated by the Financial Stability Board (FSB), to establish governance principles and reference data requirements and implement a global LEI system. Once the global LEI system is implemented and operational, the CFTC anticipates that the CICI will transition into the global LEI system.

For questions related to acquiring a CICI, please consult the frequently asked questions on the CICI utility website. For questions on using CICIs for reporting in compliance with CFTC swap data reporting regulations, consult the Commission’s rules at http://www.cftc.gov/LawRegulation/DoddFrankAct/Dodd-FrankFinalRules.

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