The Commodity Futures Trading Commission has adopted a final rule establishing joint data standards under the Financial Data Transparency Act of 2022. The standards set technical requirements for data submitted to certain financial regulatory agencies and are intended to make regulatory data more interoperable across agencies by aligning how key information is identified and transmitted. The framework establishes common identifiers for entities, geographic locations, dates, and certain products and currencies. It also includes a principles-based joint standard for data transmission and for schema and taxonomy formats, aimed at supporting high-quality, machine-readable submissions. Eight additional agencies have established or are expected to act on establishing the joint standards: the Board of Governors of the Federal Reserve System, the Securities and Exchange Commission, the Consumer Financial Protection Bureau, the Department of the Treasury, the Federal Deposit Insurance Corporation, the Federal Housing Finance Agency, the National Credit Union Administration, and the Office of the Comptroller of the Currency.
Commodity Futures Trading Commission2026-06-08
Commodity Futures Trading Commission establishes joint data standards for interoperable financial reporting across federal agencies
The Commodity Futures Trading Commission has adopted a final rule establishing joint data standards under the Financial Data Transparency Act of 2022 to improve interoperability of regulatory data across agencies. The framework introduces common identifiers for entities, locations, dates, products and currencies, and sets principles-based standards for data transmission and schema formats. Eight other U.S. financial regulatory agencies have established or are expected to establish the same joint standards.