CFTC Staff Letters

CFTC’s Division of Market Oversight issues 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 granted to an entity from registering as a CPO with respect to a commodity pool; provided, that it delegates its CPO responsibilities to a registered CPO, subject to certain conditions.

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

DMO is providing no-action relief to provide 30 additional calendar days for swap execution facilities to concurrently file their chief compliance officer annual compliance reports and fourth quarter financial reports with the Commission

DMO is issuing a no-action letter that extends relief from the requirement that block trades be executed away from a SEF.

The Division of Clearing and Risk (DCR) will not recommend that the Commission take enforcement action against North American Development Bank (NADB) for failure to comply with the clearing requirement of Section 2(h)(1) of the Commodity Exchange Act as implemented by Commission Regulations 50.2 and 50.4.

The Division of Clearing and Risk (DCR) will not recommend that the Commission take enforcement action against European Stability Mechanism (ESM) for failure to comply with the clearing requirement of Section 2(h)(1) of the Commodity Exchange Act as implemented by Commission Regulations 50.2 and 50.4.

The Division of Clearing and Risk will not recommend that the Commission take enforcement action against Banco Centroamericano de Integración Económica (CABEI) for failure to comply with the clearing requirement of Section 2(h)(1) of the Commodity Exchange Act as implemented by Commission Regulations 50.2 and 50.4.

The Division of Clearing and Risk (DCR) granted no-action relief to derivatives clearing organization Chicago Mercantile Exchange Inc. (CME) regarding use of modified acknowledgment letters tailored to the mechanics of CME’s liquidity facility in place of the form letters required by Regulations 1.20, 1.26, and 22.5.

DMO is issuing a no-action letter that provides relief from the trade execution requirement for swap components of certain types of package transactions.