CFTC Temporary No-Action Relief for Transition to SEF Rules

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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.