CFTC Extends Time-Limited No-Action Relief from Recordkeeping Requirements (CFTC Letter 15-65)

The CFTC Division of Swap Dealer and Intermediary Oversight and Division of Market Oversight extended no-action relief to certain commodity trading advisors from the requirement to record oral communications under CFTC Rule 1.35(a) ("Records of Commodity Interest and Related Cash or Forward Transactions"). CFTC Letter 15-65 extends the relief granted in CFTC Letter 14-147 to commodity trading advisors that are registered with the CFTC and are members of designated contract markets or swap execution facilities.

CFTC Letter 14-147 also provided that market participants who are covered by the rule will not be required to link with any particular transaction the records of oral and written communications that lead to the execution of a transaction.

The no-action relief is effective immediately and will expire on the effective date of any CFTC action concerning the CFTC's proposal to amend Regulation 1.35(a).

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