Statement of Commissioner J. Christopher Giancarlo on the Fifth No-Action Letter Delay of Staff Advisory 13-69 (Washington, DC)

August 13, 2015

As I have repeatedly stated, the benign sounding ‘Staff Advisory 13-69’ should be permanently withdrawn because it represents a threat to American jobs and vital financial markets. When a regulatory action needs five delays, I think we all can admit that it is just not workable and should be scrapped. Doing so would be a good first step to helping market participants cope with an increasingly complex, conflicting and costly array of CFTC cross-border regulations.”

Last Updated: August 13, 2015