CFTC Issues ISDA Time-Limited No-Action Relief from the Part 45 Post-Allocation Swap Timing Requirement

The CFTC's Division of Market Oversight (DMO) issued the attached letter to ISDA providing relief from the post-allocation swap timing requirement of CFTC Rule 45.3(e)(ii)(A) by extending post-allocation reporting deadlines for swaps that meet certain criteria. The no-action letter permits parties to a swap to fulfill their reporting obligations regarding post-allocation swaps in a timely manner in light of jurisdictional, global time zone and legal holiday differences.

Expiry Date: June 30, 2013.

See: CFTC Letter 12-50: Section 45.3(e)(ii)(A) of the Commission's regulations; No-Action.