CFTC Staff Letters

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

Title Body
PDF Image19-13 Letter Type: No-Action
Division: DSIO
Regulation Parts: 23.150, 23.151, 23.152, 23.153, 23.154, 23.155, 23.156, 23.157, 23.158, 23.159, 23.160, 23.161
Tags: Initial margin, Margin, Swap Dealer, Swaps, Variation margin, Uncleared Swaps
Issuance Date:
Description:

No-action relief granted to swap dealers from the uncleared swap margin requirements under Part 23 of the Commission's regulations with respect to certain amendments to legacy swaps.

PDF Image19-12 Letter Type: No-Action
Division: DSIO
Regulation Parts: 4m(1)
Tags: CPO, Registration
Issuance Date:
Description:

No-action relief granted to a general partner of a SPE from CPO registration under CEA section 4m(1).

PDF Image19-11 Letter Type: No-Action
Division: DSIO
Regulation Parts: 4m(1)
Tags: Commodity Pool, CPO, Registration, Delegation
Issuance Date:
Description:

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

PDF Image19-10 Letter Type: No-Action
Division: DSIO
Regulation Parts: 4d
Tags: IB, Registration
Issuance Date:
Description:

No-action relief granted to an entity for its branch from registration as an IB pursuant to CEA Section 4d(g) to provide sufficient time for the Commission to review the entity’s 30.10 Petition, subject to certain conditions.

PDF Image19-09 Letter Type: No-Action
Division: DMO, DCR, DSIO
Regulation Parts: 2(h)(8), 4d, 4m, 23 Subpart I, 23.502, 45, 46, 50.52
Tags: Brexit
Issuance Date:
Description:

This staff letter ensures that existing regulatory relief provided by DSIO, DMO, and DCR pursuant to certain existing staff letters affecting EU entities continues to be available for UK entities following Brexit.

PDF Image19-08 Letter Type: No-Action
Division: DMO, DSIO
Regulation Parts: 2(h)(8), 5h(a)(1), 23 Subpart F, 23 Subpart I, 23 Subpart J, 37.3
Tags: Brexit
Issuance Date:
Description:

No-action relief granted to ensure the continued availability, following Brexit, of regulatory relief under certain existing CFTC comparability determinations and exemption orders originally issued by the CFTC for EU entities, while CFTC staff undertakes an analysis of UK law in order to make appropriate recommendations of comparability or exemption to the CFTC.

PDF Image19-06 Letter Type: No-Action
Division: DSIO
Regulation Parts: 23.431
Tags: Disclosures, SEF, Prime Brokerage, External Business Conduct
Issuance Date:
Description:

No-Action Position for Off-SEF Swaps Executed Pursuant to Prime Brokerage Arrangements

PDF Image19-05 Letter Type: No-Action
Division: DSIO
Regulation Parts: 4m(1)
Tags: CPO, Delegation
Issuance Date:
Description:

No-action relief granted to an entity (Ltd.) from CPO registration under CEA Section 4m(1) with respect to certain commodity pools; provided, that it delegates its CPO responsibilities to a registered CPO, subject to certain conditions.

PDF Image19-04 Letter Type: No-Action
Division: DSIO
Regulation Parts: 4m(1)
Tags: CPO, Delegation
Issuance Date:
Description:

No-action relief granted to an entity (LLC) from CPO registration under CEA Section 4m(1) with respect to certain commodity pools; provided, that it delegates its CPO responsibilities to a registered CPO, subject to certain conditions.

PDF Image19-03 Letter Type: Exemption
Division: DSIO
Regulation Parts: 4.7
Tags:
Issuance Date:
Description:

CPO exempt from the requirement to provide quarterly account statements within 30 ends of the end of each quarter, provided that the CPO provides monthly account statements within 45 days of the end of each month.