Extension of No-Action Relief for Swap Execution Facilities from certain timing requirements for submission of fiscal-year end reports.

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.

DMO is providing no-action relief to provide 30 additional calendar days for swap execution facilities to concurrently file their chief compliance officer annual compliance reports and fourth quarter financial reports with the Commission