Operational Resilience Framework for Futures Commission Merchants, Swap Dealers, and Major Swap Participants; Withdrawal
Summary
The CFTC (Commodity Futures Trading Commission) is withdrawing a proposed rule that would have required certain financial companies trading in futures and swaps to build stronger systems to keep operating during emergencies or crises. This withdrawal means these companies will not face new federal requirements to plan for and survive operational disruptions.
Key Points
- 1The CFTC is canceling a proposed rule that would have required futures commission merchants, swap dealers, and major swap participants to develop resilience plans and stress-test their operations
- 2These financial companies will no longer need to meet new federal standards for maintaining business continuity during cyber attacks, natural disasters, or other disruptions
- 3The withdrawal affects large financial firms involved in derivatives trading (futures contracts and swaps), which are complex financial instruments used by banks, investment firms, and corporations
- 4Without this rule, these companies only need to follow existing, less stringent operational standards rather than enhanced resilience requirements
- 5The CFTC determined the proposed rule should not move forward, though the agency's specific reasoning is not detailed in this notice
Impact Assessment
If you are a futures commission merchant, swap dealer, or major swap participant, this means you are not required to implement new federal operational resilience standards, reducing compliance burdens but potentially leaving your business more vulnerable to disruptions.
National
None
Key Dates
September 11, 2025
Regulatory Connections
Procedural Rules; Correction
Unlicensed Use of the 6 GHz Band: Expanding Flexible Use in Mid-Band Spectrum between 3.7 and 24 GHz
General Provisions
Television Broadcasting Services: Hutchinson, KS
This summary is for informational purposes only. It may not capture all nuances of the regulation. Always refer to the official text for authoritative information.