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September 30, 2014
Risk Exposure Report Filing Requirements for Swap Dealers and Major Swap Participants
As indicated in Notice I-14-20, NFA recently amended NFA Compliance Rule 2-49 to specifically provide that NFA is authorized to require swap dealers (SDs) and major swap participants (MSPs) to submit identified reports or other documentation to NFA and the CFTC in the form and manner prescribed by NFA. This amendment is effective today, September 30, 2014.
The purpose of this Notice is to inform SDs and MSPs that beginning with the quarterly Risk Exposure Reports as of September 30, 2014, SDs and MSPs are required to submit all quarterly and interim Risk Exposure Reports to NFA and CFTC through the WinJammer™ system. SDs/MSPs must file these reports with NFA and CFTC within five business days of providing the report to the firm's senior management. In order to file the Risk Exposure Report through the WinJammer™ system, the SD/MSP must create a "Regulation Notice — Swaps" in the filing index of WinJammer™ as of the ending date of the report, and then select the "Risk Exposure Report — Swaps" filing type. After selecting the appropriate notice, the SD/MSP must upload a PDF of the report. SDs and MSPs will satisfy their CFTC filing requirement by submitting the Risk Exposure Report through WinJammer™ and do not have to file the report through the Commission's portal (see CFTC Press Release 7015-14).
If you have questions related to filing the report through WinJammer™, please contact Jamie Syrek, Systems Manager, OTC Derivatives at firstname.lastname@example.org or 312-781-1577. Questions related to Risk Exposure Reports should be directed to Cliffe Allen, Director, OTC Derivatives at email@example.com or 212-346-5634, or David Mengle, Senior Risk Advisor, OTC Derivatives at firstname.lastname@example.org or 212-513-6023.