All Registered Derivatives Clearing Organizations (DCOs) and Designated Contract Markets (DCMs) are required to submit an annual report to the CFTC, attesting to their adherence to the core principles. (CFTC Reg. 1.11) This also applies to Swap Dealers and Major Swap Participants (CFTC Reg. 22.600) Preparation of the Annual Reports includes:

 

 

  • Development of entity’s written policies and procedures
  • Development of a Code of Ethics
  • Development of Conflicts of Interests policies
  • Assist with identification of compliance policies and procedures designed to ensure compliance with the core principle
  • Assess the effectiveness of policies and procedures
  • Assess entity’s compliance program and recommend changes to ensure compliance with regulations, including allocation of resources
  • Identify material changes to compliance policies and procedures since the last annual report
  • Identify and record submission of report to appropriate senior executives;

The Oyster Difference: Oyster consultants are familiar with both traditional and non-traditional products and markets including binary options, bitcoins and single stock futures. In addition to assisting your firm with the annual report preparation, Oyster can also offer compliance support to your CRO and CCO, assisting with Rule Enforcement Reviews (RERs) covering audit trails, trade practice surveillance, system assessment and disciplinary and resolution programs.