November 1, 2013
CFTC’s Division of Market Oversight Issues Extension of Certain Time-Limited No-Action Relief Regarding Swap Execution Facilities Provided by CFTC No-Action Letter Nos. 13-55 (amended), 13-56 and 13-58 for Swaps in the Foreign Exchange Asset Class
Washington, DC — The Commodity Futures Trading Commission’s (CFTC) Division of Market Oversight (Division) issued a letter providing time-limited extensions of relief for swaps in the foreign exchange (“FX”) asset class previously provided in the following CFTC letters:
- CFTC Letter No. 13-55 (amended) (Time-Limited No-Action Relief for Temporarily Registered Swap Execution Facilities from Certain Swap Data Reporting Requirements of Parts 43 and 45 of the Commission’s Regulations);
- CFTC Letter No. 13-56 (Time Limited No-Action Relief for Reporting Counterparties from Certain Continuation Data Reporting Requirements of Section 45.4 of the Commission’s Regulations with respect to Uncleared Swaps Executed on or Pursuant to the Rules of a Temporarily Registered Swap Execution Facility); and
- CFTC Letter No. 13-58 (Time-Limited No-Action Relief to Temporarily Registered Swap Execution Facilities from Commission Regulation 37.6(b) for Non-Cleared Swaps in All Asset Classes).
- Division is extending the relief provided in each letter for swaps in the FX asset class, subject to certain terms and conditions, until 12:01 a.m. eastern time on November 29, 2013.
Last Updated: November 1, 2013