Comparability Determination for Australia: Certain Entity-Level Requirements

Zusammenfassung

The following is the analysis and determination of the Commodity Futures Trading Commission ("Commission") regarding certain parts of a request by the Australian Bankers Association ("ABA") that the Commission determine that laws and regulations applicable in in the Commonwealth of Australia ("Australia") provide a sufficient basis for an affirmative finding of comparability with respect to the following regulatory obligations applicable to swap dealers ("SDs") and major swap participants ("MSPs") registered with the Commission: (i) Chief compliance officer; (ii) risk management; and (iii) swap data recordkeeping (collectively, the "Internal Business Conduct Requirements").