CFTC Staff Letters

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

Title Body
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 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.

PDF Image20-08 Letter Type: No-Action
Division: DMO
Regulation Parts: 37.1306, 37.1501
Tags: CCO, Reporting, SEF, COVID-19
Issuance Date:
Description:

DMO will not recommend that the Commission take an enforcement action against any SEF or SEF CCO for failure to submit an ACR within the 60-day period prescribed in Commission regulation 37.1501(f)(2), provided that: (a) the ACR was required to be submitted to the Commission prior to September 1, 2020, pursuant to Commission regulation 37.1501(f)(2); and (b) the ACR is submitted to the Commission not later than 120 days after the end of the SEF’s fiscal year. Additionally, DMO will not recommend that the Commission take an enforcement action against any SEF or SEF CCO for failure to submit the fourth quarter financial report pursuant to Commission regulation 37.1306(d), within the 60-day period prescribed in Commission regulation 37.1306(d); provided, that: (a) the fourth quarter financial report was required to be submitted to the Commission prior to September 1, 2020, pursuant to Commission regulation 37.1306(d); and (b) the fourth quarter financial report is submitted to the Commission no later than 120 days after the end of the SEF’s fiscal year.

PDF Image20-07 Letter Type: No-Action
Division: DMO
Regulation Parts: 37.205, 37.400, 37.406, 37.1000, 37.1001
Tags: Recordkeeping, SEF, Trading, COVID-19
Issuance Date:
Description:

Subject to the conditions specified in the letter, DMO will not recommend that the Commission take an enforcement action against any SEF for the failure to comply with Commission regulations 37.205(a)-(b), 37.400(b), 37.406, 37.1000(a)(1), and 37.1001 to the extent that non-compliance arises from the inability of SEFs to record voice communications as a result of the displacement of voice trading personnel from their normal business sites in connection with the COVID-19 pandemic response.

PDF Image20-06 Letter Type: No-Action
Division: DSIO
Regulation Parts: 3.3, 23.202
Tags: Annual Report, Recordkeeping, SD, COVID-19
Issuance Date:
Description:

No-action positions for swap dealers to facilitate physical separation of personnel in response to the COVID-19 pandemic

PDF Image20-05 Letter Type: No-Action
Division: DSIO
Regulation Parts: 1.35, 5.18
Tags: Recordkeeping, RFED, COVID-19
Issuance Date:
Description:

No-action positions for retail foreign exchange dealers to facilitate physical separation of personnel in response to the COVID-19 pandemic

PDF Image20-04 Letter Type: No-Action
Division: DSIO
Regulation Parts: 1.3, 1.35
Tags: IB, Recordkeeping, Registration, Floor broker, COVID-19
Issuance Date:
Description:

No-action positions for floor brokers to facilitate physical separation of personnel in response to the COVID-19 pandemic

PDF Image20-03 Letter Type: No-Action
Division: DSIO
Regulation Parts: 1.35, 1.55, 3.3
Tags: Annual Report, FCM, IB, Recordkeeping, COVID-19
Issuance Date:
Description:

No-action positions for futures commission merchants and introducing brokers to facilitate physical separation of personnel in response to the COVID-19 pandemic