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 Image21-10 Letter Type: No-Action
Division: DMO, MPD
Regulation Parts: 5(d)(4), 1.3, 3.10, 38.250, 38.251, 38.252, 38.253
Tags: DCM, IB, Floor broker, COVID-19
Issuance Date:
Description:

Partial continuation of no-action positions to facilitate physical separation of registrant personnel in response to the COVID-19 pandemic

PDF Image21-09 Letter Type: No-Action
Division: DMO, DCR, DOD, MPD
Regulation Parts: 2(h)(8), 23, 23.202, 23.205, 23 Subpart I, 23.500, 23.501, 23.502, 23.503, 23.504, 23.505, 23.506, 23.610, 23 Subpart L, 23.700, 23.701, 23.702, 23.703, 23.704, 37, 38, 43, 50
Tags: SD, Brexit, Cross-border
Issuance Date:
Description:

Brexit-related time limited no-action position with respect to certain swap dealer transaction-level requirements

PDF Image21-06 Letter Type: No-Action
Division: MPD
Regulation Parts: 3
Tags: Commodity Pool, CPO, CTA, Registration
Issuance Date:
Description:

No-action relief granted from CPO and CTA registration to an entity that uses swaps in connection with its acquisition of biopharmaceutical royalties.

PDF Image21-05 Letter Type: No-Action
Division: DMO, MPD
Regulation Parts: 5(d)(4), 5(d)(10), 1.3, 1.35, 38.250, 38.251, 38.252, 38.253, 155.3
Tags: FCM, IB, Recordkeeping, Registration, Floor broker, COVID-19, Audit Trail
Issuance Date:
Description:

Partial continuation of no-action positions to facilitate physical separation of registrant personnel in response to the COVID-19 pandemic

PDF Image21-04 Letter Type: No-Action
Division: DMO, MPD
Regulation Parts: 5(d)(4), 5(d)(10), 1.35, 38.250, 38.251, 38.252, 38.253, 38.254, 38.255, 38.256, 38.553
Tags: Recordkeeping, COVID-19, Audit Trail
Issuance Date:
Description:

No-action positions for floor brokers and introducing brokers from oral recordkeeping requirements and designated contract markets from audit trail requirements in continued response to the COVID-19 pandemic

PDF Image21-02 Letter Type: No-Action
Division: MPD
Regulation Parts: 1.25
Tags: FCM, Customer Funds
Issuance Date:
Description:

Time-Limited No-Action relief to FCMs from Regulation 1.25 for Investments in Securities with an Adjustable Rate of Interest Benchmarked to the Secured Overnight Financing Rate

PDF Image21-01 Letter Type: No-Action
Division: DCR
Regulation Parts: 39.19
Tags: DCO, Reporting
Issuance Date:
Description:

Temporary no-action relief for registered derivatives clearing organizations from the amended daily reporting requirements in CFTC Regulation 39.19. This relief expires on January 27, 2022.

PDF Image20-46 Letter Type: No-Action
Division: DCR
Regulation Parts: 5b(a)
Tags: DCO, Registration
Issuance Date:
Description:

Extension of time-limited no-action relief for Shanghai Clearing House with regard to Section 5b(a) of the Commodity Exchange Act and Commission Regulations thereunder.

PDF Image20-45 Letter Type: No-Action
Division: DMO, DOD
Regulation Parts: 2(h)(8), 50.52
Tags: Affiliates, Clearing Requirement, Swaps, Trade Execution Requirement
Issuance Date:
Description:

No-action letter extending relief from section 2(h)(8) of the Commodity Exchange Act for any eligible affiliate counterparty that executes a swap transaction with another eligible affiliate counterparty

PDF Image20-44 Letter Type: No-Action
Division: DMO, DCR
Regulation Parts: 2(h)(8)
Tags: Cleared Swaps, Clearing Requirement, DCO, Execution, Trade Execution, Trade Execution Requirement
Issuance Date:
Description:

No-action relief permitting an FCM clearing member to, in the event of a customer default, effect swap transactions pursuant to LCH’s default rules and procedures without executing such transactions on a SEF, exempt SEF, or DCM as required by the trade execution requirement.