Font Size: AAA // Print // Bookmark

RELEASE: pr7635-17

  • October 31, 2017

    CFTC’s Division of Market Oversight Extends No-Action Relief from Certain Audit Trail Requirements Related to Post-execution Allocation Information

    Washington, DC — The Commodity Futures Trading Commission’s (CFTC) Division of Market Oversight (Division) today extended no-action relief to swap execution facilities (SEFs) from the requirement that SEFs capture post-execution allocation information in their audit trail data. This extension will enable the Division to continue to assess audit trail requirements related to post-execution allocation information. This no-action relief shall commence on the date of issuance of this letter and expire on November 15, 2020 at 11:59 pm (Eastern Time).

    The Division’s no-action relief is subject to the following conditions:

      1. The SEF must have a rule that requires market participants to provide post-execution allocation information to the SEF for particular trades, if the SEF, at the request of the CFTC or otherwise, requests such information; and

      2. In the course of a trade practice surveillance or market surveillance investigation into any trading activity involving post-execution allocations, upon such request as stated in condition #1, the SEF must ascertain whether a post-execution allocation was made, and if so, the SEF must request, obtain, and review the post-execution allocation information as part of its investigation.

    Last Updated: October 31, 2017