If you can't report in a timely fashion, then don't do it. What if I told the IRS it would take 50 years to calculate my taxes? Jail would happen.

by Dismal-Jellyfish

Commodity Futures Trading Comission (CFTC) Alert! Swap Data Recordkeeping and Reporting Requirements (OMB Control No. 3038-0096). This is a request for extension of a currently approved information collection. They estimate it takes 1,460,357 hours for 1,732 folks to get swap reporting together…