CFTC Issues No-Action Relief from Electronic Reporting Requirements in the OCR Final Rule (Letter 15-03)

The CFTC Division of Market Oversight issued a no-action letter (Letter 15-03) providing additional time for reporting parties to comply with certain reporting requirements of the ownership and control final rule ("OCR Final Rule").

The OCR Final Rule requires the electronic submission of trader identification and market participant data on new and updated reporting forms. The no-action letter extends certain relief provided in Letter 14-95 to dates ranging from September 30, 2015 to February 13, 2017.

The relief is subject to certain terms and conditions, including the condition that reporting parties continue to report via "Legacy," non-automated submission methods until the expiration of the relief is granted.

See: CFTC Letter 15-03.Related news: CFTC Issues No-Action Relief Regarding Electronic Reporting Requirements in OCR Final Rule (CFTC Letter 14-95) (July 23, 2014); CFTC Publishes Final Rules on Ownership and Control Reports (Fed. Reg.) (November 18, 2013).