CFTC Issues Extension of RTO/ISO No-Action Relief (Letter 13-05)

The CFTC Division of Market Oversight, Division of Swap Dealer and Intermediary Oversight ("DSIO"), and Division of Clearing and Risk extended a previously issued no-action letter (CFTC Letter 12-11) issued to Regional Transmission Organizations and Independent System Operators to give them time to comply with the conditions in a final exemptive order that the CFTC had issued on March 28, 2013. Cadwalader represented PJM Interconnection, L.L.C. and the Electric Reliability Council of Texas, Inc. in connection with this matter.

See: CFTC Extension of RTO/ISO No-Action Relief.Related News: "CFTC Issues Final Order to Exempt Certain Specified Transactions of Regional Transmission Organizations and Independent System Operators" (March 28, 2013); "Requests by Independent System Operators and Regional Transmission Organizations for No-Action Relief" (March 26, 2013); "CFTC Staff Provides No-Action Relief RTOs, ISOs and Others (Response to Cadwalader Letter)" (Oct. 11, 2013); and "CFTC No-Action Request on Behalf of RTOs and ISOs (Submitted by Cadwalader) (with Lofchie Comment)" (Oct. 4, 2013).