CFTC Staff Letters

Letter of Non-Compliance and related Temporary No-Action Position for StoneX Markets LLC with regard to Certain Capital Requirements (SXM No-Action Request)

Time-Limited No-Action Position for Registered Swap Dealer to use Models to Compute Market Risk and Credit Risk Capital Charges In Lieu of Standardized Charges (JFSI No-Action Request)

Time-Limited No-Action Position for Registered Swap Dealer to use Models to Compute Credit Risk Capital Charges In Lieu of Standardized Charges.  (NGFP No-Action Request)

Time-Limited No-Action Position for Non-Bank Swap Dealers Domiciled in Japan, Mexico, United Kingdom and the European Union (IIB/ISDA/SIFMA No-Action Request)

The Division of Market Oversight of the Commodity Futures Trading Commission is issuing this advisory to remind entities of the swap execution facility registration requirements set forth in the Commodity Exchange Act and Commission regulations and to highlight certain scenarios where entities may be required to register.

Time Limited No Action relief from regulation 23.105(p) for certain alternative financial reporting by SDs subject to the capital requirements of a prudential regulator.

Amendment of existing DMO Staff Relief in Staff Letter 20-39 to United Kingdom (“UK”) multilateral trading facilities (“MTFs”) and organised trading facilities (“OTFs”) to provide relief to additional UK MTFs and OTFs and their participants.

Exemptive relief for a CPO from the requirement to provide quarterly account statements within 30 days of the end of each quarter for one of its pools, provided that the CPO provides monthly account statements within 45 days of the end of each month for such pool.

Staff Interpretation to Swap Dealers electing the Tangible Net Worth method of calculation capital under regulation 23.101.

Advisory to SDs indicating they are not required to obtain approval to use a model to calculate the initial margin on uncleared swaps for purposes of determining the SD’s minimum capital requirement under Commission regulations.