CFTCProposed RuleSeptember 11, 2025

Operational Resilience Framework for Futures Commission Merchants, Swap Dealers, and Major Swap Participants; Withdrawal

Finance & BankingTechnology

Summary

The CFTC (Commodity Futures Trading Commission) is withdrawing a proposed rule that would have required certain financial companies trading in futures and swaps to build stronger systems to keep operating during emergencies or crises. This withdrawal means these companies will not face new federal requirements to plan for and survive operational disruptions.

Key Points

1The CFTC is canceling a proposed rule that would have required futures commission merchants, swap dealers, and major swap participants to develop resilience plans and stress-test their operations
2These financial companies will no longer need to meet new federal standards for maintaining business continuity during cyber attacks, natural disasters, or other disruptions
3The withdrawal affects large financial firms involved in derivatives trading (futures contracts and swaps), which are complex financial instruments used by banks, investment firms, and corporations
4Without this rule, these companies only need to follow existing, less stringent operational standards rather than enhanced resilience requirements
5The CFTC determined the proposed rule should not move forward, though the agency's specific reasoning is not detailed in this notice

Key Dates

Published

September 11, 2025

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This summary is for informational purposes only. It may not capture all nuances of the regulation. Always refer to the official text for authoritative information.