CFTC’s Division of Market Oversight Provides Time-Limited No-Action Relief for Transition to SEF Regulations

The CFTC's DMO issued a time-limited no-action letter providing temporary no-action relief to entities that have been operating pre-Dodd-Frank trading platforms. The no-action letter allows a swap trading facility to continue operating as it currently does until October 2nd, which is the date on which the CFTC's new SEF rules are scheduled to become effective.

See: CFTC Letter 13-28.See also prior letter replaced by this letter: CFTC Letter 12-48.