May 24, 2024

CFTC Staff Extends No-Action Relief on "Block and Cap" Reporting

The CFTC's Division of Market Oversight further extended until October 7, 2024 no-action relief from compliance with amendments to CFTC rules for reporting block transactions in swaps.

The latest extension followed a previous no-action letter (see related coverage) on post-initial cap sizes under CFTC Rule 43.3, ("Method and timing for real-time public reporting") on block trades and large notional off-facility swaps under Rule 43.6 ("Block trades and large notional off-facility swaps").

The Division stated that it "will not recommend that the Commission commence an enforcement action against an entity for failure to comply with the Block and Cap Amendments before October 7, 2024, provided that the entity complies with the Commission's block trade and cap size requirements that were in effect on January 1, 2021."

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Oct 20, 2023

CFTC Staff Extends No-Action Relief on "Block and Cap" Reporting

The CFTC Division of Market Oversight extended until July 1, 2024 no-action relief from compliance with recent amendments to CFTC rules for reporting block transactions in swaps.

Commentary by Nihal Patel
Jan 31, 2022

CFTC Staff Provides Additional Time to Comply with Reporting Rule Changes

The CFTC Division of Data issued a no-action letter to provide additional time (a little over six months) to comply with amendments to swap data reporting rules.

Commentary by Nihal Patel
Sep 18, 2020

CFTC Finalizes Swap Reporting Overhaul

The CFTC adopted amendments to regulations governing (i) real-time public swap reporting and dissemination, (ii) swap data recordkeeping and reporting, and (iii) swap data verification policies and procedures.

Commentary by Nihal Patel
Sep 17, 2020

CFTC Adopts Final Swap Data Reporting Amendments

The CFTC took several actions including (i) adopting final amendments to swap data reporting requirements, (ii) adopting a rule permitting alternative compliance for certain non-U.S. derivatives clearing organizations, and (iii) approving a supplemental notice on proposed amendments to regulations governing bankruptcy proceedings of commodity brokers.
Nov 25, 2020

Effective Date and Compliance Deadlines Set for CFTC Amendments to Swap Data Reporting Requirements

Final rule amendments to swap data reporting requirements under CFTC Rules Parts 43, 45, 46 and 49 were published in the Federal Register (see 85 FR 75422, 85 FR 75503 and 85 FR 75601).

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CFTC Staff Extends No-Action Relief on "Block and Cap" Reporting

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