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Ex Parte Meeting for Proposed Rule 82 FR 8369

  • Title:
    Email Regarding Cost Estimate for Amendments to Swap Data Access Provision of Part 49

    Ex Parte No: 1240
    Date: 12/18/2017

    Meeting Date:

    Monday, December 18, 2017

    CFTC Staff:

    David Aron, Daniel Bucsa and Own Kopon

    Organization(s):

    CME Global Repository Services

    External Attendees:

    Laura Torphy and Michael Pozzi (CME Global Repository Services)

    Additional Information:

    Thanks, Laura.  One last question just to confirm our understanding of our previous discussion.  In fn 10 of the SDRs’ Indem comment letter, CME estimated 400-950 hours for initial costs of setting up access restrictions to match a requesting entity’s scope of jurisdiction.   Our understanding from our prior phone call is that this estimate is an estimate of the aggregate set up costs for all ADRs/AFRs and not for each individual ADR/AFR.  Is that correct?

     

    David E. Aron

    Special Counsel

    Commodity Futures Trading Commission

    Division of Market Oversight, Data and Reporting Branch