The Commodity Futures Trading Commission (CFTC) has announced that it is seeking public input on potential changes to the Risk Management Program (RMP) requirements for swap dealers and futures commission merchants.
The CFTC has published an advanced notice of proposed rulemaking (ANPRM) to gather feedback from the public on various aspects of the RMP regulations.
The ANPRM focuses on areas such as the governance and structure of RMPs, the risks that RMPs should monitor and manage, and the specific considerations that should be taken into account when implementing RMPs.
Additionally, the CFTC is interested in receiving suggestions on how the risk exposure reporting requirement under the RMP regulations can be enhanced or modified.
The CFTC intends to utilize the information and comments received through this process to guide potential future actions, including the possibility of implementing new rules regarding the RMP regulations.
Those interested in providing input have the opportunity to submit written comments within 60 days of the ANPRM’s publication in the Federal Register.
CFTC’s proposed risk management changes reflect the growing need to address emerging crypto risks and adapt regulations for evolving technologies, fostering industry transparency and resilience.
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