Time-Limited No-Action Relief: Swap Dealers and Major Swap Participants Regarding Certain Recordkeeping Obligations under Part 23 of the Commission's Regulations (Letter No. 12-29)


On October 26, 2012, the Division of Swap Dealer and Intermediary Oversight (the "Division") issued Letter 12-29 in response to a letter sent on behalf of the Securities Industry and Financial Markets Association’s member firms and other swap dealers and major swap participants requesting relief from certain recordkeeping requirements of Subpart F to Part 23 of the Commodity Futures Trading Commission's ("CFTC") regulations.

Pursuant to the no-action letter, the Division will not recommend enforcement action against a person prior to March 31,2012 for failure to be fully compliant with the requirements that swap dealers and major swap participant do the following...

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