The United States Commodity Futures Trading Commission has fined ANZ US$150,000 for failing to comply with reporting obligations.The Dodd-Frank Act of 2010 imposed a large trader reporting requirement for physical commodity and swap positions. The reports are used by the CFTC for surveillance of the physical commodity futures and swaps markets.The CFTC order against ANZ said that, during the period from at least March 2013 to November last year, the bank filed large trader reports that "routinely contained errors," such as not identifying the underlying commodity and incorrectly identifying the counterparty's position as its own principal position.Due to these errors ANZ was inaccurately reporting its positions. On some days it failed to submit reports.ANZ has the distinction of being the subject of the first CFTC order enforcing the Dodd-Frank large trader reporting requirements.