CFTC Modifies Reporting Aspects of No-Action Relief for Australian Trading Platform

The CFTC Division of Market Oversight ("DMO") modified previously granted no-action relief from swap execution facility registration to an Australian multilateral swap-trading facility.

The new letter removes certain conditions set forth in CFTC Letters No. 15-29 and No. 16-72 relating to who is responsible for reporting transactions to the CFTC. The modifications would also "eliminate the conditions that require a Qualified Australian Market ('QALM') to report Part 45 creation data and Part 43 data to a swap data repository as if it were a swap execution facility." DMO said that the expiration date of the relief also remains unchanged.