In this issue:
- Regulatory Capital
- Financial Services
- Excerpt from Derivatives:
Derivatives CFTC Staff Issues Time-Limited No-Action Letter on the Applicability of Oral Recording Requirements:
On 25 April 2014, the US Commodity Futures Trading Commission’s (“CFTC”) Division of Swap Dealer and Intermediary Oversight and Division of Market Oversight (“Divisions”) issued a time-limited no-action letter that provides relief to commodity trading advisors that are members of designated contract markets or swap execution facilities. The relief covers the oral recording requirement set forth in CFTC Regulation 1.35(a), in connection with the execution of swaps. The letter extends no-action relief that previously was granted by the Divisions in CFTC Letter Nos. 13-77 and 14-33.
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