The Commodity Futures Trading Commission issued a staff advisory setting out how its operating divisions will assess materiality and other criteria when deciding whether to refer self-reported violations, or supervision and non-compliance issues, to the Division of Enforcement. The advisory was issued jointly by the Market Participants Division, the Division of Clearing and Risk, the Division of Market Oversight, and the Division of Enforcement, and is intended to support implementation of the Division of Enforcement’s February 25, 2025 advisory on its updated policy for self-reporting, cooperation, and remediation.
Commodity Futures Trading Commission 2025-04-17
US Commodity Futures Trading Commission staff set criteria for referring self-reported violations to the Division of Enforcement
The Commodity Futures Trading Commission released a staff advisory detailing criteria for assessing materiality in self-reported violations and compliance issues for potential referral to the Division of Enforcement. The advisory, issued by multiple divisions, supports the implementation of the Division of Enforcement’s updated policy on self-reporting, cooperation, and remediation.