CFTC Staff Letters

CFTC Staff Letters provides Letters from 2008 and later. For Letters published before 2008 visit the Letters Archive page.

PDF Description
PDF Image 21-23 Letter Type: No-Action
Division: MPD
Regulation Parts: 23.101, 23.102
Tags: SD, Model
Issuance Date:
Description:

Letter of Non-Compliance and related Temporary No-Action Position for StoneX Markets LLC with regard to Certain Capital Requirements (SXM No-Action Request)

PDF Image 21-22 Letter Type: No-Action
Division: MPD
Regulation Parts: 23.102, 23.103
Tags: Swap Dealer, Model
Issuance Date:
Description:

Time-Limited No-Action Position for Registered Swap Dealer to use Models to Compute Market Risk and Credit Risk Capital Charges In Lieu of Standardized Charges (JFSI Request)

PDF Image 21-21 Letter Type: No-Action
Division: MPD
Regulation Parts: 23.102, 23.103
Tags: Swap Dealer, Model
Issuance Date:
Description:

Time-Limited No-Action Position for Registered Swap Dealer to use Models to Compute Credit Risk Capital Charges In Lieu of Standardized Charges.  (NGFP Request)

PDF Image 21-20 Letter Type: No-Action
Division: MPD
Regulation Parts: 23.100, 23.106
Tags: Foreign, Reporting, SD, Swap Dealer
Issuance Date:
Description:

Time-Limited No-Action Position for Non-Bank Swap Dealers Domiciled in Japan, Mexico, United Kingdom and the European Union (IIB/ISDA/SIFMA Letter)

PDF Image 21-19 Letter Type: Advisories
Division: DMO
Regulation Parts: 5h(a)(1), 37.3
Tags: Registration, SEF
Issuance Date:
Description:

The Division of Market Oversight of the Commodity Futures Trading Commission is issuing this advisory to remind entities of the swap execution facility registration requirements set forth in the Commodity Exchange Act and Commission regulations and to highlight certain scenarios where entities may be required to register.

PDF Image 21-18 Letter Type: No-Action
Division: MPD
Regulation Parts: 23.105
Tags: Financial Reports, Swap Dealer
Issuance Date:
Description:

Time Limited No Action relief from regulation 23.105(p) for certain alternative financial reporting by SDs subject to the capital requirements of a prudential regulator.

PDF Image 21-17 Letter Type: No-Action
Division: DMO
Regulation Parts: 2(h)(8), 5h(a)(1), 37.3
Tags: Brexit
Issuance Date:
Description:

Amendment of existing DMO Staff Relief in Staff Letter 20-39 to United Kingdom (“UK”) multilateral trading facilities (“MTFs”) and organised trading facilities (“OTFs”) to provide relief to additional UK MTFs and OTFs and their participants.

PDF Image 21-16 Letter Type: Exemption
Division: MPD
Regulation Parts: 4.7(b)(2)
Tags: Commodity Pool, Compliance, CPO, Disclosure, Exemption, Funds, Pool Participant, Reporting
Issuance Date:
Description:

Exemptive relief for a CPO from the requirement to provide quarterly account statements within 30 days of the end of each quarter for one of its pools, provided that the CPO provides monthly account statements within 45 days of the end of each month for such pool.

PDF Image 21-15 Letter Type: Interpretative
Division: MPD
Regulation Parts: 23.100, 23.101
Tags: SD, Swap Dealer, Tangible Net Worth
Issuance Date:
Description:

Staff Interpretation to Swap Dealers electing the Tangible Net Worth method of calculation capital under regulation 23.101.

PDF Image 21-14 Letter Type: Advisories
Division: MPD
Regulation Parts: 1.17, 23.100, 23.101, 23.102
Tags: FCM, Margin, SD, Swap Dealer, Capital
Issuance Date:
Description:

Advisory to SDs indicating they are not required to obtain approval to use a model to calculate the initial margin on uncleared swaps for purposes of determining the SD’s minimum capital requirement under Commission regulations.