June 27, 2013
Washington, DC – The Commodity Futures Trading Commission’s Division of Swap Dealer and Intermediary Oversight (DSIO) today issued an amended a no-action letter providing relief from certain duties imposed on swap dealers (“SDs”) and major swap participants (“MSPs”) pursuant to the Commission’s Business Conduct Standards with Counterparties, as well as certain documentation requirements imposed on SDs and MSPs pursuant to Commission regulation § 23.504, when executing swaps with the intention to clear contemporaneously with execution. The letter has been corrected from the original version that was issued on June 26, 2013.
The correction removes bracketed language inadvertently included in footnote 1 on page 1 of the letter to avoid confusion over the intended scope of the letter.
Last Updated: June 27, 2013