On April 25, the Commodity Futures Trading Commission’s Division of Swap Dealer and Intermediary Oversight issued No-Action Letter No. 14-60, which extends relief for commodity trading advisors (CTAs) that are members of a swap execution facility (SEF) or designated contract market (DCM) from the oral communications recordkeeping requirement of CFTC Regulation 1.35(a). Letter No. 14-60 extends previous relief for CTAs issued in CFTC Letters Nos. 13-66 and 14-33 that would have expired on May 1. A CTA that is a member of a SEF or DCM will now have until December 31, 2014 to comply with the requirement to record oral communications in connection with the execution of swap transactions.