The U.S. Commodity Futures Trading Commission (CFTC) announced today that it will publish in the Federal Register proposed amendments to Part 3 of its regulations. The proposed amendments would: 1) define “senior officer” in Regulation 3.1; 2) clarify the duties of a Chief Compliance Officer (CCO) of a futures commission merchant, swap dealer, or major swap participant; and 3) modify the CCO annual report’s content and submission requirements.
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