The US Commodity Futures Trading Commission has announced a review of the “swaps” reporting rules under the Dodd Frank Act. The announcement can be found here. There are objectives to correct data by better validations, change who has to reconcile reports (the regime is a “one sided reporting rule set), and possibly also change the scope. A road-map presentation has also been published here.

The European Commission recently published a legislative proposal to change the rules around EMIR reporting (see here), which follow the EMIR review (see here). The proposed changes alter who has to report, and under what circumstances. They are expected to come into effect towards the end of 2018. prior to that, the reporting formats will change, on 1st November 2017 (see here). These are intended to address quality issues in the data.