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 18-05 Letter Type: Exemption
Division: DSIO
Regulation Parts: 4.7
Tags:
Issuance Date:
Description:

Exemptive relief from the requirement in Commission regulation 4.7(b)(2) to distribute quarterly account statements to participants within 30 days after the end of each quarter. Instead, the operator will provide the information required to be contained in a quarterly account statement on a monthly basis, and within 45 days after the end of each month.


PDF Image 18-04 Letter Type: No-Action
Division: DCR
Regulation Parts: 5b(a)
Tags: DCO, Registration
Issuance Date:
Description:

No-Action 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.


PDF Image 18-03 Letter Type: No-Action
Division: DMO
Regulation Parts: 20, 45, 46
Tags: Large Trader, Recordkeeping, Reporting, Swap Data, Swaps, Transition Swaps
Issuance Date:
Description:

No-Action Extension of no-action relief originally granted by DMO on December 19, 2016 to counterparties clearing swaps through derivatives clearing organizations acting under exemptive or no-action relief from certain reporting obligations for cleared swaps under Part 45 of the Commissions regulations.


PDF Image 18-02 Letter Type: No-Action
Division: DSIO
Regulation Parts: 3.4, 3.12
Tags: FCM, Registration
Issuance Date:
Description:

No-Action  CFTC staff issues time limited no-action relief to Shorcan Energy Brokers Inc. and its associated persons for introducing broker and associated person registration.


PDF Image 18-01 Letter Type: No-Action
Division: DSIO
Regulation Parts: 1.17
Tags: FCM, IB
Issuance Date:
Description:

Staff no-action position regarding the treatment of a deferred tax liability caused by a change in accounting principles.


PDF Image 17-69 Letter Type: Other
Division: DSIO
Regulation Parts: 4.22
Tags:
Issuance Date:
Description:

Clarification on language in CFTC Staff Letter No. 13-51.


PDF Image 17-68 Letter Type: Interpretative
Division: DSIO
Regulation Parts: 1a(10), 4.10(d)(1)
Tags:
Issuance Date:
Description:

Interpretative relief from the definition of “commodity pool” for certain real estate holding companies.


PDF Image 17-67 Letter Type: No-Action
Division: DMO
Regulation Parts: 2(h)(8), 50.52
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Issuance Date:
Description:

No action letter extending relief from section 2(h)(8) of the Commission Exchange Act for any eligible affiliate counterparty that executes a swap transaction with another eligible affiliate counterparty.


PDF Image 17-66 Letter Type: No-Action
Division: DCR
Regulation Parts: 2(h), 50.52
Tags: Clearing Requirement, Exemption, Swaps
Issuance Date:
Description:

No-action letter extending the time-limitation contained in an alternative compliance framework available to certain affiliated counterparties pursuant to Commission regulation 50.52(b)(4)(ii)-(iii), extending the time-limitation permitting certain affiliated counterparties located in Australia and Mexico to use the compliance framework under regulation 50.52(b)(4)(ii), and providing analogous relief to certain affiliated counterparties located in Canada, Hong Kong, and Switzerland.


PDF Image 17-65 Letter Type: Interpretative
Division: DSIO
Regulation Parts: 4m(1)
Tags:
Issuance Date:
Description:

A futures commission merchant (FCM), swap dealer (SD), or introducing broker (IB) that receives separate compensation for commodity trading advice is not required to register as a commodity trading advisor, provided that the offered advice is “solely incidental” to the conduct of the FCM’s or SD’s business, or “solely in connection with” the operation of the IB’s business.