CFTC Rule 23.603
The essential components of a plan are:
- identification of documents, data, facilities, infrastructure, personnel and competencies essential to continued operations and fulfilment of obligations
- identification of the supervisory personnel repsponsible for each aspect of its implementation and emergency contacts required
- a plan to communicate with the following persons in the even of an emergency or disruption:
- employees
- counterparties
- swap data repositories
- execution facilities
- trading facilities
- regulatory authorities
- data, communications and infrastructure providers and other vendors
- disaster recovery specialists
- other persons essential to:
- the recovery of documentation and data
- the resumption of operations
- compliance with the CEA and Commission regulations
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Bipartisan bill seeks to ban sports bets on prediction markets
The bill, "The Prediction Markets Are Gambling Act," would clarify that, under US law, no CFTC-registered entity can list a contract that closely resembles a sports bet or a casino-style game.
Julie DiMauro2 min read
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CFTC and Division of Market Oversight issue releases on prediction markets and event contracts
A look at how the current administration intends to regulate event contracts and prediction markets.
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GRIP Extra: AMLA begins groundwork for direct supervision, White House unveils federal AI framework
Our in-brief roundup of notable stories from the last week.
GRIP3 min read
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SEC and CFTC act ahead of Congress with joint crypto guidance
The guidance says most digital assets are not securities but stops short of creating a full market framework.
Alexander Barzacanos3 min read
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SEC, CFTC sign cooperation memo
The agreement replaces the agencies’ 2018 memorandum and sets out updated procedures for how they can work better together, and apart, from one another.
Alexander Barzacanos2 min read
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Atkins discusses CFTC-SEC harmonization and regulatory simplification
Atkins called for non-duplicative SEC-CFTC oversight and more straightforward approval of new products.
Alexander Barzacanos2 min read
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CFTC’s Selig signals green light for crypto perpetuals
The derivative contracts, which trade widely offshore, will likely soon come to US markets with faster listings via self-certification.
Alexander Barzacanos1 min read
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CFTC: Yes, we can police prediction market insider trading
The CFTC asserts itself in previously murky regulatory waters.
Alexander Barzacanos3 min read
