CFTC No-Action Relief for Swap Dealers and Major Swap Participants

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On December 7, the CFTC issued limited no-action relief to swap dealers and major swap participants from compliance with the prohibition in Regulation 23.22(b) against permitting a person who is subject to a statutory disqualification to effect or be involved in effecting swaps on behalf of the swap dealer or major swap participant. CFTC Release. No-Action Letter.