The CFTC extended the comment period until April 11, 2024, for its proposed rule ("NPRM") on real-time public reporting requirements and swap data recordkeeping and reporting requirements.
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In a no-action letter, the CFTC’s Market Participants Division said it will not recommend an enforcement action against a swap entity for its failure to disclose to certain counterparties the Pre-Trade Mid-Market Mark of certain swaps on the Secured Overnight Financing Rate under certain conditions.
The CFTC proposed revisions to Part 43 and Part 45 of its regulations regarding swaps reporting for continued geographic masking, international harmonization and other non-substantive changes.
CFTC staff granted additional no-action relief from certain CFTC swap data reporting requirements relating to LIBOR transition.
The CFTC said that it will not pursue enforcement actions in connection with certain swap rules related to transfers of swaps to recent FDIC-established "bridge" banks.