CFTC Staff Letters

No-action letter permitting a provision of the inter-affiliate exemption from required clearing (Commission regulation 50.52(b)(4)(ii)) to be relied upon for swaps executed between certain U.S. swap market participants and their affiliated counterparties located in Australia or Mexico, analogous to how this provision has been available for swaps with affiliated counterparties located in the European Union, Japan, and Singapore.

No-action position regarding the consolidation of separate risk disclosure statements contained in Regulation 1.55(b) and Appendix A to Regulation 1.55 into a single risk disclosure statement

No-action letter again extending the time-limitation contained in an alternative compliance framework available to certain affiliated counterparties pursuant to Commission regulation 50.52(b)(4)(ii)-(iii).

No-action letter extending time-limited no-action relief, providing that the Division of Market Oversight will not recommend that the Commission take enforcement action against any eligible affiliate counterparty that executes a swap transaction with another eligible affiliate counterparty without complying with section 2(h)(8) of the Act.

Time-limited no-action relief from certain requirements of Part 45 and Part 46 of the Commission’s regulations for certain swap dealers and major swap participants established under the laws of Australia, Canada, the European Union, Japan or Switzerland

No-Action relief from the timing requirements of Commission Regulation 3.3(f)(2) relating to annual reports by chief compliance officers.

No-Action relief from the timing requirements of Commission Regulation 3.3(f)(2) relating to annual reports by chief compliance officers.

The Division of Market Oversight extended the no-action relief granted in CFTC Letter 15-55 for certain swaps required to be traded on a swap execution facility (SEF) or designated contract market (DCM) to the extent that those swaps were part of a package transaction.

The Division of Market Oversight is issuing a no-action letter that extends the relief provided in Letter No. 15-60 by permitting swap execution facilities (“SEFs”) to provide for the use of a non-Order Book trading system or platform to execute block trades for swaps that are intended to be cleared, subject to certain conditions.

Extension of Time-Limited No-Action Relief with Respect to Certain Commodity Exchange Act Provisions That May Apply to Southwest Power Pool, Inc. and/or Its Participants