The U.S. Commodity Futures Trading Commission's (CFTC) Division of Market Oversight has launched a comprehensive review of swap data reporting regulations found in Parts 43, 45, and 49 of CFTC's regulations. The division plans to accept input on the effort from all entities involved in swaps reporting through Aug. 21. Comments may be submitted electronically through the CFTC's website. A Roadmap to Achieve High Quality Swaps Data for the review process that was released by CFTC lays out two tranches of rule changes: one would address swap data repository operations and the confirmation of data accuracy by swap counterparties, and the other is to address reporting workflows generally, including standardization of data fields and potential delayed reporting deadlines.
Continuing to press a lawsuit they filed last year in a recently filed brief, WildEarth Guardians and Physicians for Social Responsibility repeated their call for voiding oil and natural gas leases the U.S. Bureau of Land Management (BLM) issued in three western states. Kathleen Sgamma, President of the Western Energy Alliance (WEA), which intervened in the lawsuit late last year, said WEA is preparing a response to the latest call for undoing the leases, which cover 397 oil and gas leases in Colorado, Utah and Wyoming, totaling 379,950 acres of public land that were sold through 10 sales beginning in 2015. "There are no surprises in the brief -- just the same policy disagreements...The climate change argument is one to throw against the wall in hope that it will stick, even though BLM conducted an analysis on the impacts, thus fulfilling its obligation," Sgamma said.