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 22-15 Letter Type: No-Action
Division: DMO
Regulation Parts: 2(h)(8), 5(d)(9), 37.3, 37.9
Tags:
Issuance Date:
Description:

The Division is extending its no-action positions for those package transactions where at least one individual swap component is made available to trade (“MAT”) and therefore subject to the CEA section 2(h)(8) trade execution requirement, and all other components are contracts for the purchase or sale of a commodity for future delivery, i.e., futures contracts (“MAT/Futures Package Transactions”).


See also: Request Letter
Requester(s): ISDA
PDF Image 22-14 Letter Type: No-Action
Division: DMO
Regulation Parts: 45, 46
Tags: Foreign, Foreign Transactions, MSP, Reporting, Swap Dealer, Non-US Swap Dealers, Non-US MSP
Issuance Date:
Description:

Extension of Time-Limited No-Action Relief from Certain Requirements of Part 45 and Part 46 of the Commission’s Regulations, for Certain Swap Dealers and Major Swap Participants Established under the Laws of Australia, Canada, the European Union, Japan, Switzerland or the United Kingdom.


See also: Request Letter
Requester(s): IIB, ISDA, SIFMA
PDF Image 22-13 Letter Type: No-Action
Division: DMO
Regulation Parts: 30.13
Tags: Foreign Future
Issuance Date:
Description:

DMO will not recommend that the Commission take enforcement action against KRX with respect to the offer or sale of contracts based on the KOSPI 200 Index to persons located within the United States while the Commission’s review of KRX’s forthcoming request for certification of contracts based on the KOSPI 200 Index pursuant to Commission Regulation 30.13 is pending.


See also: Request Letter
Requester(s): KRX
PDF Image 22-12 Letter Type: No-Action
Division: DCR
Regulation Parts: 5b(a)
Tags:
Issuance Date:
Description:

Time-limited no-action position for Taiwan Futures Exchange with regard to Section 5b(a) of the Commodity Exchange Act and Commission regulations thereunder.


See also: Request Letter
Requester(s): TAIFEX
PDF Image 22-11 Letter Type: No-Action
Division: DCR, MPD
Regulation Parts: 39.13
Tags: Risk Management, Separate Account Treatment
Issuance Date:
Description:

Accordingly, the conditional no-action relief with respect to Regulation 39.13(g)(8)(iii) is now further extended until the earlier of (a) September 30, 2023 or (b) the effective date of any final Commission action relating to Regulation 39.13(g).


See also: Request Letter
Requester(s): FIA
PDF Image 22-10 Letter Type: No-Action
Division: MPD
Regulation Parts: 23, 23 Subpart E, 23.100, 23.101, 23.102, 23.103, 23.104, 23.105, 23.106
Tags: Foreign, SD, Swap Dealer, Capital, Substituted Compliance, Nonbank
Issuance Date:
Description:

Extension of Time-Limited No-Action Position for Foreign Based Nonbank Swap Dealers domiciled in Japan, Mexico, the United Kingdom, and the European Union


See also: Request Letter
Requester(s): IIB, ISDA, SIFMA
PDF Image 22-09 Letter Type: No-Action
Division: DMO
Regulation Parts: 150.2, 150.4
Tags: Aggregation, Position Limits
Issuance Date:
Description:

Extension of no-action relief granted in CFTC Staff Letter No. 19-19, which granted relief from prospective compliance with certain position aggregation requirements in Commission Regulation 150.4.


Requester(s): FIA, MFA, SIFMA AMG
PDF Image 22-07 Letter Type: No-Action
Division: DCR
Regulation Parts: 5b(a)
Tags: DCO, Registration
Issuance Date:
Description:

Extension of time-limited no-action relief for Shanghai Clearing House with regard to Section 5b(a) of the Commodity Exchange Act and Commission Regulations thereunder.


Requester(s): SHCH
PDF Image 22-05 Letter Type: No-Action
Division: DOD, MPD
Regulation Parts: 43, 45
Tags: Public, Real-Time, Recordkeeping, Reporting, Swap Data
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.


See also: Request Letter
Requester(s): ISDA
PDF Image 22-04 Letter Type: No-Action
Division: MPD
Regulation Parts: 23.105
Tags: Disclosure, Financial Reports, SD, Swap Dealer
Issuance Date:
Description:

No-Action Position to a SD Regarding the Public Disclosure of Certain Financial Information under SD Financial Reporting Requirements


See also: Request Letter
Requester(s): CRG