CFTC Issues No-Action Relief for Amended Legacy Swaps between Swap Dealers and Special Purpose Vehicles (CFTC Letter 15-21)

The CFTC Division of Swap Dealer and Intermediary Oversight issued no-action relief regarding compliance by swap dealers with regulations that concern, among other things, business conduct and trading documentation. The no-action relief was issued in connection with swaps entered into by structured finance special purpose vehicles prior to October 10, 2013.

The relief was granted in response to a request by the Structured Finance Industry Group. It is subject to further conditions specified in the letter.

See: CFTC Letter 15-21; CFTC Press Release.