The Commodity Futures Trading Commission’s Division of Market Oversight has taken a no-action position on the compliance date for the 2024 Part 17 large trader reporting final rule following a request from the Futures Industry Association. Under the relief, staff will not recommend enforcement action for failures to comply by futures commission merchants, clearing members, foreign brokers, or designated contract markets. The no-action relief extends for 18 months after CFTC staff execute the actions referenced in the release. The CFTC’s Division of Data has also published modifications to the Part 17 Guidebook, which sets out instructions on format, coding structure, and electronic transmission procedures for reporting the data elements in 17 C.F.R. § 17, and has launched implementation testing; technical implementation calls with reporting firms are due to begin on 18 February, with participation information hosted on the Part 17 FIXML Implementation page. Subject to the conditions of the no-action letter, the Division of Market Oversight and Division of Data expect market participants to be in compliance with the Part 17 large trader reporting final rule by 26 July 2027.
Commodity Futures Trading Commission 2026-01-27
Commodity Futures Trading Commission grants no-action relief on Part 17 large trader reporting enforcement and targets compliance by 26 July 2027
The Commodity Futures Trading Commission's Division of Market Oversight has granted an 18-month no-action relief on the compliance date for the 2024 Part 17 large trader reporting rule, following a request from the Futures Industry Association. Concurrently, the Division of Data has updated the Part 17 Guidebook and initiated implementation testing, with technical calls starting on 18 February, aiming for compliance by 26 July 2027.