The Commodity Futures Trading Commission (CFTC) has issued no-action relief on swap reporting and recordkeeping for Gemini Titan and Olympus, along with their participants, under specific conditions. This move reflects the agency's ongoing regulatory flexibility as it addresses compliance gaps through temporary guidance and exemptions. The relief applies to contracts with binary and variable payout structures executed through Titan and cleared by Olympus.
In a related development, Raagnee Beri has been appointed as the new director of the CFTC's Whistleblower Office. Beri brings extensive experience in litigation and investigations, having previously served as a trial attorney in the Division of Enforcement and as a senior assistant general counsel. Her appointment is expected to bolster the agency's enforcement efforts under Chair Mike Selig.
CFTC Grants Swap Reporting Relief to Gemini Titan and Olympus, Appoints New Whistleblower Director
Disclaimer: The content provided on Phemex News is for informational purposes only. We do not guarantee the quality, accuracy, or completeness of the information sourced from third-party articles. The content on this page does not constitute financial or investment advice. We strongly encourage you to conduct you own research and consult with a qualified financial advisor before making any investment decisions.
