CFTC Approves Final Rule Regarding Safeguarding and Investment of Customer Funds
WASHINGTON, D. C. — The Commodity Futures Trading Commission today
announced it approved a final rule amending the CFTC’s regulations
that govern how futures commission merchants and derivatives clearing
organizations safeguard and invest customer funds held for the benefit
of customers engaging in futures, foreign futures, and cleared swaps
transactions.
The amendments revise the list of permitted
investments in CFTC Regulation 1. 25 and make other related changes
and specifications. The amendments also eliminate the CFTC requirement
that an FCM deposit customer funds with depositories that provide the
CFTC with read-only electronic access to such accounts.
The
compliance date for the revisions is 30 days after the final rule is
published in the Federal Register, except for the revisions to the
Segregation Investment Detail Reports (SIDR) specified in CFTC
Regulations 1. 32, 22. 2(g)(5), and 30. 7(l)(5), and the revisions to
the customer risk disclosure statement required under CFTC Regulation
1. 55. The compliance date for the revisions to the SIDR and the risk
disclosure statement is March 31, 2025.