Request for No-Action Relief with Regard to the Reporting of Swap Position Data by NGX Clearing Members Pursuant to Commission Regulations 20.4 and 20.5(a) (Interpretive Release)

11-08

The CFTC's Division of Market Oversight issued a letter granting no-action relief to the Natural Gas Exchange Inc. ("NGX") and its clearing members in connection with the reporting requirements of new part 20 of the Commission's regulations. The relief allows NGX for, and in the place of, its clearing members, to submit the information required of its clearing members for all cleared positions, in fulfillment of the clearing members' reporting requirements with respect to cleared positions under regulations 20.4 and 20.5(a). In addition, pursuant to this relief certain NGX clearing members will not be required to report their uncleared positions.

Cross References: 17 CFR Part 20; CFTC Rules 20.4 20.5(a).