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CFTC's Division of Market Oversight Issues Temporary No-Action Relief to Non-Clearing Swap Dealers to Comply with Large Trader Reporting Requirements for Physical Commodity Swaps and Swaptions

The CFTC Division of Market Oversight today announced the issuance of temporary no-action relief for reporting by non-clearing member swap dealers under the CFTC's large trader reporting requirements for physical commodity swaps and swaptions. This temporary relief is intended to provide sufficient time for non-clearing member swap dealers to transition to fully compliant reporting by 60 days after the CFTC's deadline for entities to apply to register as swap dealers. Parties that are intending to rely on the exemption must so notify the CFTC as provided in the relief.

View release in full here(links externally to CFTC website).

Tags

Regulated Activities
Ownership Recordkeeping Regulatory Reporting
Sub-Activity
CFTC Large Position / Large Trader Reports (Pts. 15-21)
Regulated Entities
FCMs and IBs, Floor Brokers Swap Dealers / SBSDs Traders / Investors / Counterparties
Regulated Products
Swaps / SBS Futures / Security Futures
Sub-Product
Physical Commodity Swaps
Body of Law
CEA Regulation
Jurisdiction
US - Federal
Organization
CFTC, NFA, CFTC Markets
Sub-Author
CFTC