On February 12, 2019, the Commodity Futures Trading Commission (CFTC) released its first-ever examination priorities for registrants of the Division of Market Oversight (DMO), Division of Swap Dealer & Intermediary Oversight (DSIO), and Division of Clearing & Risk (DCR). A notable inclusion in the examination priorities is service provider oversight.
In the release, the CFTC also mentions their practice of conducting System Safeguard Exams to assess the risk assessment and cybersecurity testing programs of covered entities. The focus on self-governance, oversight, and sound cybersecurity practices aligns the CFTC’s examination approach with the Securities and Exchange Commission.
For additional information, please visit: https://www.cftc.gov/PressRoom/PressReleases/7869-19