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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CFTC rejects “regulation by enforcement” while touting muscular enforcement plan
CFTC leaders say the agency is narrowing, not weakening, its enforcement focus.
Alexander Barzacanos1 min read
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Framing the Issue: A US strategic bitcoin reserve
Global financial destablilizer or shock absorber?
Carmen Cracknell<1 min read
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GRIP Extra: CFTC launches Innovation Task Force, digital Euro progress advances
Our in-brief roundup of notable stories from the last week.
GRIP3 min read
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Crypto wrap: Regulatory clarity on security status, prediction platforms target insider trading
Our pick of the latest crypto stories.
Carmen Cracknell1 min read
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Use of crypto as derivatives collateral outlined in CFTC factsheet
Guidance keeps limits on uncleared swaps, applies haircuts, and requires FCMs to meet reporting and operational requirements under a no-action pathway.
Alexander Barzacanos1 min read
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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
