June 27, 2013

CFTC’s Division of Swap Dealer and Intermediary Oversight Issues No-Action Letter Providing Relief for Swap Dealers in Connection with Foreign Exchange Intermediated Prime Brokerage Arrangements

Washington, DC – The Commodity Futures Trading Commission’s (CFTC) Division of Swap Dealer and Intermediary Oversight (DSIO) today issued a time-limited no-action letter that provides swap dealers with relief from certain External Business Conduct Standards rules in the context of foreign exchange intermediated prime brokerage arrangements.

The relief provided in the no-action letter is applicable to all swap dealers, subject to the conditions and limitations set forth in the letter.

Last Updated: June 27, 2013