CFTC renews cleared swaps collateral disclosure rule, sets 29,830-hour burden
The CFTC has forwarded its renewal request for the Part 22 information collection on cleared swaps customer collateral to OMB. This covers daily FCM and DCO reporting obligations tied to customer fund segregation and default management. Compliance officers at FCMs and DCOs should note the comment deadline and the Commission's response to industry calls for modernization and expanded disclosure.
- Comments on the renewed information collection must be submitted to OIRA by November 20, 2026.
- The collection applies to 95 respondents, comprising 71 futures commission merchants and 24 derivatives clearing organizations.
- The Commission estimates a total annual burden of 29,830 hours, averaging 314 hours per respondent.
- One commenter argued the Part 22 reporting framework is outdated and structurally deficient; the Commission said revising it is beyond this renewal's scope.
- Another commenter urged standardized public summaries of collateral sufficiency, but the Commission declined to expand publicly available information, citing market integrity and confidentiality concerns.