CFTC Staff Letters

The Division of Clearing and Risk (DCR) will not recommend that the Commission take enforcement action against North American Development Bank (NADB) for failure to comply with the clearing requirement of Section 2(h)(1) of the Commodity Exchange Act as implemented by Commission Regulations 50.2 and 50.4.

The Division of Clearing and Risk (DCR) will not recommend that the Commission take enforcement action against European Stability Mechanism (ESM) for failure to comply with the clearing requirement of Section 2(h)(1) of the Commodity Exchange Act as implemented by Commission Regulations 50.2 and 50.4.

The Division of Clearing and Risk will not recommend that the Commission take enforcement action against Banco Centroamericano de Integración Económica (CABEI) for failure to comply with the clearing requirement of Section 2(h)(1) of the Commodity Exchange Act as implemented by Commission Regulations 50.2 and 50.4.

The Division of Clearing and Risk (DCR) granted no-action relief to derivatives clearing organization Chicago Mercantile Exchange Inc. (CME) regarding use of modified acknowledgment letters tailored to the mechanics of CME’s liquidity facility in place of the form letters required by Regulations 1.20, 1.26, and 22.5.

DMO is issuing a no-action letter that provides relief from the trade execution requirement for swap components of certain types of package transactions.

DMO is issuing a no-action letter which provides that, subject to certain conditions the Division will not recommend enforcement action against a swap execution facility which does not capture post-execution allocation information in its audit trail or conduct audit trail reviews of post-execution allocations.

Exemptive Relief from certain Commission Regulation 4.7 reporting obligations as they relate to disclosure to pool participants

CFTC staff issues no-action relief for swap dealers from posting and collecting variation margin when entering into swaps with certain special purpose vehicles in existence prior to March 1, 2017.

Interpretation of the Commodity Exchange Act and Commission regulations regarding the characterization of variation margin payments and all other cash flows for cleared swaps.

No-action relief granted to an entity from registering as a CPO with respect to a commodity pool; provided, that it delegates its CPO responsibilities to a registered CPO, subject to certain conditions.