July 30, 2013

CFTC’s Division of Market Oversight Issues Time-Limited No-Action Relief from the Prohibition of Aggregation Under § 43.6(h)(6) for Large Notional Off-Facility Swaps

Washington, DC – The Commodity Futures Trading Commission’s (“CFTC”) Division of Market Oversight (“Division”) today issued a letter providing no-action relief from the aggregation prohibition in § 43.6(h)(6) for certain commodity trading advisors (“CTA”) and investment advisors (“IA”) with respect to large notional off-facility swaps until 11:59 p.m. Eastern time on October 1, 2013. Additionally, the Division is providing no-action relief, subject to specified conditions, from the aggregation prohibition in § 43.6(h)(6) for certain CTAs and IAs with respect to large notional off-facility swaps that are not listed or offered for trading on any SEFs or DCMs until further notice by the Division.

Last Updated: July 30, 2013