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.
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The SEC Division of Trading and Markets granted no-action relief to a security-based swap dealer, allowing the firm to incorporate "certain annual reports and reviews for the first fiscal year after the Firm’s registration . . . into the reports and reviews for the Firm’s second fiscal year."
The CFTC amended its Technical Specification for swap data reporting and public dissemination requirements.
An introducing broker two of its peresonnel settled NFA charges for acting without a "bona fide reason" for placing favored customer as a counterparty in trades with other customers; NFA alleged the actions generated profits for the favored customer and additional brokerage fees at the expense of other customers.
A CFTC Order requiring the use of a designated unique product identifier and product classification system for swap recordkeeping and data reporting became effective on February 24, 2023.