The CFTC Division of Clearing and Risk granted no-action relief to CX Clearinghouse, L.P. from certain derivatives clearing requirements in light of the company's fully collateralized clearing model.
The CFTC Division of Data renewed previously issued no-action relief from certain reporting and recordkeeping requirements for transactions involving derivatives clearing organizations acting pursuant to either (i) a CFTC exemptive order or (ii) CFTC Division of Clearing and Risk no-action relief.
The CFTC Division of Data, Division of Market Oversight and Division of Clearing and Risk granted conditional no-action relief from certain swap reporting and recordkeeping requirements for fully collateralized binary options transactions executed by KalshiEX LLC, a designated contract market, and cleared by LedgerX, LLC, a derivatives clearing organization.
CFTC Commissioner Dawn D. Stump reviewed the scope of the CFTC's jurisdiction over cash market commodities. She contrasted the agency's limited anti-fraud authority over these commodities to the CFTC's broader authority over commodity futures and derivatives.
The CFTC declined to authorize compliance with a subpoena for documents issued by an OCC administrative law judge after a finding that the subpoena was invalid and otherwise objectionable.
The CFTC Market Participants Division and Division of Market Oversight extended through September 30, 2021, COVID-19 related no-action relief to floor brokers from location, registration and real-time market monitoring requirements.
NFA set an effective date of June 30, 2021 for a recently adopted compliance rule and related interpretive notice requiring a CPO to notify NFA upon an event that may affect the ability of its pool to fulfill its obligations to pool participants.
