On November 7, 2014, in response to a request from ISDA similar to that previously received,6 the Division issued CFTC Letter No. 14-136 extending the relief granted in CFTC Letter No. 14-26 until December 31, 2015. The Division explained that the rationale for relief was unchanged and it needed additional time to assess whether the relief should be permanent. On August 31, 2015, ISDA again requested that the Commission exercise its authority pursuant to CEA section 4(c) to establish a permanent exemption for inter-affiliate swaps from the trade execution requirement under CEA section 2(h)(8). To allow time for the Commission to consider the request, ISDA requested that the Commission further extend the relief granted in CFTC Letter No. 14-26. The Division has determined to extend the no-action relief granted by CFTC Letter No. 14-26 until 11:59 p.m. (Eastern Time) December 16, 2016.