CFTC Temporary No-Action Relief for Transition to SEF Rules


On June 17, the CFTC Division of Market Oversight issued a no-action letter providing temporary relief to entities that have been operating pre-Dodd-Frank Act trading platforms. The no-action letter extends relief provided by a letter issued in December 2012 to coincide with the compliance date for the CFTC’s Swap Execution Facility final rules, which were published on June 4. The continued no-action relief will commence on July 1 and expire on October 2. CFTC Release. CFTC No-Action Letter.

Topics:  CFTC, Dodd-Frank, No-Action Letters, SEFs, Swaps

Published In: Finance & Banking Updates, Securities Updates

DISCLAIMER: Because of the generality of this update, the information provided herein may not be applicable in all situations and should not be acted upon without specific legal advice based on particular situations.

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