December 19, 2013
Washington, DC — The U.S. Commodity Futures Trading Commission’s (CFTC or Commission) Division of Clearing and Risk (Division) today issued an extension of a time-limited no-action relief to Japan Securities Clearing Corporation (JSCC) and its qualifying participants and affiliates.
In the extension of CFTC Letter 12-56, the Division states that it will not recommend that the Commission take enforcement action against:
This extension will last until the earlier of the date on which JSCC registers as a DCO with respect to its interest rate swap clearing business or December 31, 2014, provided that JSCC submits a materially complete application by February 28, 2014. The no-action extension is subject to several conditions.
Last Updated: December 19, 2013