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A number of trade associations jointly submitted a letter to the CFTC's Director of the Division of Swap Dealer and Intermediary Oversight requesting that the Division grant relief to permit sponsors of registered investment companies and privately offered investment funds to net certain uncleared swaps held by a fund when applying the net notional test in amended CFTC Rules 4.5 or 4.13(a)(3). Specifically, the associations request that a fund be permitted to net uncleared swaps for purposes of the net notional test, provided that: (1) the termination dates of offsetting swaps are the same