On Dec. 9, Bbg SEF issued notice on onboarding records obligation.
Bbg SEF reported submitted self-certification for issuance of Bbg SEF notice to participants 2024-R-19 on participants' obligation to review and update BSEF records.
Copy of notice to participants published in Appendix A of self-certification submission.
Also, with 2024-R-19, proposed withdrawal of Notice to Participants 2022-2, #153941.
Proposed Amendments
Reminded participants of their ongoing obligation to keep current the existing information maintained in BSEF’s participant onboarding records database (ENFB).
On regular basis, visit ENFB to verify information provided, update as soon as possible.
Failure to maintain correct participant information may constitute a violation of SEF rules and it may result in inaccurate reporting to BSEF’s swap data repository (SDR).
Participant bulletin outlines certain requirements and actions that participants are required to take, and how BSEF may use participant-provided ENFB information.
Consultation
Notice effective on Dec. 23, 2024.
Regulators
Bbg SEF
Entity Types
B/D; Exch
Reference
Bul 2024-R-19, RF, Rpl Nt 2022-2, 12/9/2024
Functions
Compliance; Legal; Record Retention; Trade Reporting; Trading
