CFTC Extends Time-Limited, No-Action Relief for SDs and MSPs from Compliance with Reporting Obligations (Letter 13-34)

The CFTC's Division of Market Oversight ("DMO") issued the attached no-action letter extending time-limited relief to SDs and MSPs from the obligation to report valuation data for cleared swaps as required by CFTC Rule 45.4(b)(2)(ii) ("Swap Data Reporting: Continuation Data"). The extension alters the initial no-action relief expiration date from June 30, 2013 to June 30, 2014. The relief applies to the following parties:

1. All SDs and MSPs that are reporting counterparties under regulation 45.4(b)(2)(ii), and
2. All cleared swaps for which the SD or MSP has the obligation to report valuation data under regulation 45.4(b)(2)(ii).

See: CFTC Letter 13-34.