The Division of Market Oversight (“DMO”) of the Commodity Futures Trading Commission (“CFTC”) announced plans to review the swap data reporting regulations that the CFTC issued under the Dodd-Frank Act. The CFTC has also requested public comment on the reporting regime, which provides an opportunity for industry participants to raise issues and recommend proposed changes. The goals of the review are to (1) ensure that the CFTC receives accurate, complete and high-quality data on swaps transactions for its regulatory oversight role; (2) streamline reporting, reduce messages that must be reported, and right-size the number of data elements that are reported to meet the agency’s priority use-cases for swaps data; and (3) evaluate Parts 43 (Real-Time Public Reporting), 45 (Swap Data Recordkeeping and Reporting Requirements) and 49 (Swap Data Repositories) of Commission Regulations to identify provisions that need updating or changing to meet these goals. The public comment period will close on August 21, 2017.