CFTC Grants Limited-purpose Swap Dealer More Time to File Financial Reports

The CFTC Market Participants Division granted relief to extend the timeframe for a limited-purpose swap dealer to file financial reports.

The relief applies for purposes of CFTC Rule 23.105(i)(1) and (2) ("Financial recordkeeping, reporting and notification requirements for swap dealers and major swap participants") and permits the company to provide the CFTC and NFA with its quarterly unaudited financial reports and additional position and counterparty reporting to the CFTC and NFA within 30 business days after the relevant reporting period. The new letter extends relief previously granted in CFTC Letter 22-04 (see previous coverage).