CFTC Grants Time-Limited Relief to a DCO from Daily Position Reporting Rules (CFTC Letter 16-06)

The CFTC granted time-limited no-action relief to Singapore Exchange Derivatives Clearing Limited ("SGX-DC") from compliance with the daily position reporting requirements of CFTC Rule 39.19(b)(1). The no-action relief will allow the company to implement several major system enhancements to its trading and clearing platforms in order to comply with revisions to the CFTC's Guidebook for Daily Reports under Regulation 39.19(c)(1) ("Guidebook Revisions").

The relief will expire on the earlier of (i) such time as SGX-DC becomes able to comply with the Guidebook Revisions or (ii) October 31, 2016.