CFTC Staff Extends No-Action Relief on Treatment of Separate FCM Accounts
CFTC staff extended no-action relief on the treatment of separate accounts by futures commission merchants ("FCMs") until the earlier of June 30, 2024 or the effective date of any final CFTC action regarding CFTC Rule 39.13(g)(8)(iii) ("Risk management").
As previously covered, the CFTC put forth a rule proposal that would codify no-action relief by FCMs to treat separate accounts of a customer as accounts of separate entities.
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