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CFTC extends designation of DTCC-SWIFT as LEI Provider

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In order to continue the transition to a global system of legal entity identification, the US Commodity Futures Trading Commission (Commission) has issued an Order extending the designation of the utility operated by DTCC-SWIFT as the provider of legal entity identifiers, or LEIs, pursuant to the Commission’s swap data recordkeeping and reporting rules.

The order will also appear in an upcoming issue of the Federal Register.
DTCC-SWIFT’s initial designation was made by a Commission order on 23 July, 2012. The designation was made for a two-year term.  At the time the order was issued, the Commission was already participating in an international process to establish a global LEI system, into which the legal entity identifier to be used to comply with Commission requirements was expected to transition.  The designation was extended for one year on 22 July, 2014. This Order further extends DTCC-SWIFT’s designation for an additional year, while the global LEI system becomes fully operational. 
Consistent with the terms of the Commission’s order of 23 July, 2012, as previously amended on 7 June, 2013, and amended and restated on 22 July, 2014, this Order continues to permit registered entities and swap counterparties subject to the Commission’s jurisdiction to comply with the Commission’s swap data recordkeeping and reporting rules by using legal entity identifiers 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 being globally acceptable. 

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