Sept 24 (Reuters) - Canadian Imperial Bank of Commerce ( CM )

will have to pay a penalty of $1.25 million to the

Commodity Futures Trading Commission for failing to report swap

transactions in a timely manner on multiple occasions, the

agency said on Tuesday.

The commission found the bank was late to report various

types of data for its swap transactions from at least January

2017 to the present.

"Timely swaps reporting is a critical component of the swaps

reporting regulatory regime, and it is essential to the overall

effectiveness of the swaps reporting system," said Ian McGinley,

Director of the Division of Enforcement at CFTC.

"We respect the decisions of the SEC and CFTC on these

matters. Throughout this process, CIBC offered its full

cooperation to both regulators and took immediate steps to

implement remedies internally," a spokesperson for the bank said

in an emailed statement to Reuters.

CFTC, in a separate statement earlier in the day, ordered

CIBC to pay $30 million for recordkeeping and supervision

failures.