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 21-18 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 21-13 Letter Type: No-Action
Division: DCR
Regulation Parts: 39.15, 39.21
Tags: Clearing, Fully-collateralized, Public Information
Issuance Date:
Description:

No-action relief from specified Part 39 regulations applicable to derivatives clearing organizations due to CX Clearinghouse, L.P.'s fully-collateralized clearing model.

PDF Image 21-12 Letter Type: No-Action
Division: DMO, DOD
Regulation Parts: 43, 45
Tags: Swaps
Issuance Date:
Description:

Relief under Parts 43 and 45 to entities submitting swaps for clearing by derivatives clearing organizations (DCOs) operating under CFTC exemptive orders or no-action relief provided by CFTC staff.

PDF Image 21-11 Letter Type: No-Action
Division: DMO, DCR, DOD
Regulation Parts: 38.8, 38.10, 38.951, 39.20, 43, 45
Tags: Reporting, Swap, Swap Data, Swaps, Event Contract, Part 43, Binary Option
Issuance Date:
Description:

Relief from Part 43 and 45 reporting, as well as related sections of Parts 38 and 39, for binary options executed on or pursuant to the rules of Kalshi and cleared through LedgerX.

PDF Image 21-10 Letter Type: No-Action
Division: DMO, MPD
Regulation Parts: 5(d)(4), 1.3, 3.10, 38.250, 38.251, 38.252, 38.253
Tags: DCM, IB, Floor broker, COVID-19
Issuance Date:
Description:

Partial continuation of no-action positions to facilitate physical separation of registrant personnel in response to the COVID-19 pandemic

PDF Image 21-09 Letter Type: No-Action
Division: DMO, DCR, DOD, MPD
Regulation Parts: 2(h)(8), 23, 23.202, 23.205, 23 Subpart I, 23.500, 23.501, 23.502, 23.503, 23.504, 23.505, 23.506, 23.610, 23 Subpart L, 23.700, 23.701, 23.702, 23.703, 23.704, 37, 38, 43, 50
Tags: SD, Brexit, Cross-border
Issuance Date:
Description:

Brexit-related time limited no-action position with respect to certain swap dealer transaction-level requirements

PDF Image 21-06 Letter Type: No-Action
Division: MPD
Regulation Parts: 3
Tags: Commodity Pool, CPO, CTA, Registration
Issuance Date:
Description:

No-action relief granted from CPO and CTA registration to an entity that uses swaps in connection with its acquisition of biopharmaceutical royalties.

PDF Image 21-05 Letter Type: No-Action
Division: DMO, MPD
Regulation Parts: 5(d)(4), 5(d)(10), 1.3, 1.35, 38.250, 38.251, 38.252, 38.253, 155.3
Tags: FCM, IB, Recordkeeping, Registration, Floor broker, COVID-19, Audit Trail
Issuance Date:
Description:

Partial continuation of no-action positions to facilitate physical separation of registrant personnel in response to the COVID-19 pandemic

PDF Image 21-04 Letter Type: No-Action
Division: DMO, MPD
Regulation Parts: 5(d)(4), 5(d)(10), 1.35, 38.250, 38.251, 38.252, 38.253, 38.254, 38.255, 38.256, 38.553
Tags: Recordkeeping, COVID-19, Audit Trail
Issuance Date:
Description:

No-action positions for floor brokers and introducing brokers from oral recordkeeping requirements and designated contract markets from audit trail requirements in continued response to the COVID-19 pandemic