CFTC Extends Designation of DTCC-SWIFT as Provider of Legal Entity Identifiers -

On July 20, the Commodity Futures Trading Commission issued an order extending the designation of the Depository Trust and Clearing Corporation and Society for Worldwide Interbank Financial Telecommunications joint venture (DTCC-SWIFT) as the provider of legal entity identifiers (LEIs) on an interim basis until the CFTC transitions to a global LEI system. The order permits registered entities and swap counterparties subject to the CFTC’s jurisdiction to comply with the swap data recordkeeping and reporting obligations under Parts 45 and 46 of the CFTC’s regulations by using LEIs issued by DTCC-SWIFT or any other pre-local operating unit (pre-LOU) that has been endorsed by the Regulatory Oversight Committee (ROC) of the global LEI system as globally acceptable.