COVID-19 Update: CFTC Relief for the Derivatives Market

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In the face of pandemic-related disruptions, CFTC staff have relieved exchanges, dealers, intermediaries, and other market participants from certain compliance requirements.

Last week, the US Commodity Futures Trading Commission (CFTC) issued various staff letters providing temporary, targeted no-action relief to help certain CFTC registrants and other market participants better navigate the unprecedented set of challenges posed by the novel coronavirus outbreak (COVID-19). In a related public message, CFTC Chairman Heath Tarbert laid out five key objectives that the CFTC intends to address during the COVID-19 crisis...

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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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