CFTC Staff Letters

CFTC Staff Letters provides Letters from 2008 and later. For Letters published before 2008 visit the Letters Archive page.

PDF Description
PDF Image20-19 Letter Type: No-Action
Division: DMO, DSIO
Regulation Parts:
Tags:
Issuance Date:
Description:

This letter extends the time period of certain no-action relief provided in CFTC Staff Letters Nos. 20-02, 20-03, 20-04, 20-05, 20-06, 20-07, and 20-09, each issued on March 17, 2020 (the “COVID-19 Letters”) until September 30, 2020.

PDF Image20-18 Letter Type: No-Action
Division: DMO, DSIO
Regulation Parts: 23, 23.150, 23.151, 23.152, 23.153, 23.154, 23.155, 23.156, 23.157, 23.158, 23.159, 23.160, 23.161, 43, 45, 46
Tags: Margin, Reporting, Uncleared Swaps
Issuance Date:
Description:

No-action relief from certain Commission regulations with respect to certain warrants listed on foreign exchanges.

PDF Image20-16 Letter Type: No-Action
Division: DSIO
Regulation Parts: 1a(12)(C), 3.10, 3.12
Tags: COVID-19, Associated Persons, Fingerprinting
Issuance Date:
Description:

No-action position in response to the COVID-19 pandemic for persons required to submit fingerprints in connection with applying for registration as an associated person or being listed as a principal of a registrant

PDF Image20-15 Letter Type: No-Action
Division: DSIO
Regulation Parts: 1.17
Tags: FCM, IB, COVID-19, Minimum financial requirements
Issuance Date:
Description:

No-action positions for futures commission merchants and introducing brokers to address net capital treatment of covered loans under the CARES Act in response to the COVID-19 pandemic.

PDF Image20-14 Letter Type: No-Action
Division: DSIO
Regulation Parts: 23.151
Tags: Margin, SD, ESM
Issuance Date:
Description:

Revised time-limited no-action position with respect to uncleared swaps with the European Stability Mechanism under Commission regulation 23.150-161.

PDF Image20-13 Letter Type: No-Action
Division: DCR
Regulation Parts: 2(h), 2(h)(1), 50.2, 50.4
Tags: Clearing, Clearing Requirement, Swaps, ESM
Issuance Date:
Description:

Extended no-action relief for the European Stability Mechanism from the swap clearing requirement in Section 2(h)(1) of the Commodity Exchange Act and Commission regulations 50.2 and 50.4.

PDF Image20-12 Letter Type: No-Action
Division: DSIO
Regulation Parts: 30.5
Tags: Registration, COVID-19, Foreign Broker
Issuance Date:
Description:

No-action position for foreign brokers exempt pursuant to Commission regulation 30.5 to handle U.S. futures market orders in response to the COVID-19 pandemic

PDF Image20-11 Letter Type: No-Action
Division: DSIO
Regulation Parts: 4.7(b)(2), 4.7(b)(3), 4.22, 4.27
Tags: Commodity Pool, CPO, Pool Participant, Reporting, COVID-19
Issuance Date:
Description:

No-action positions for commodity pool operators in response to the COVID-19 pandemic

PDF Image20-10

*Subsequently withdrawn by requesting party


Letter Type: No-Action
Division: DSIO
Regulation Parts: 1.3
Tags: MSP, COVID-19, Insured depository institution
Issuance Date:
Description:

No-action position for excluding certain commodity swaps from inclusion in the major swap participant registration threshold calculation of an insured depository institution

PDF Image20-09 Letter Type: No-Action
Division: DMO
Regulation Parts: 38
Tags: DCM, COVID-19, Part 38
Issuance Date:
Description:

No action relief for DCMs relating to trading floor closure in connection with the COVID-19 pandemic response.