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.
At an ISDA Derivatives Forum, SEC Commissioner Hester Peirce cautioned against "build[ing] a neat set of [environmental, social and governance metrics] that then get incorporated into a whole array of financial transactions."
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.
The CFTC staff granted swap dealers no-action relief from certain "transaction-level" requirements in an effort to maintain the regulatory status quo following the UK's exit from the European Union.
The SEC moved forward on proposed substituted compliance determination for UK- and French-regulated firms that register as security-based swap dealers.
The CFTC Market Participants Division issued CPO and CTA registration relief to a company that acquires biopharmaceutical royalty interests and uses swaps to hedge its interest rate risk on floating rate debt used to finance the company's operations.
A CFTC final rule intended to resolve operational issues faced by swap execution facilities and their market participants in relation to audit trail data, financial resources and chief compliance officer requirements was published in the Federal Register.
