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 Image20-21 Letter Type: No-Action
Division: DSIO
Regulation Parts: 2(h)(8), 23.205, 23.505, 23.506, 23.610, 37, 38, 43, 50
Tags: Swap Dealer, ANE, Cross-border
Issuance Date:
Description:

Withdrawal of staff advisory and no-action relief: transaction-level requirements for non-U.S. swap dealers

PDF Image20-20 Letter Type: No-Action
Division: DSIO
Regulation Parts: 3.10, 3.12
Tags: Registration, COVID-19, Associated Persons, Fingerprinting
Issuance Date:
Description:

Time Extension for No-Action Relief previously granted in response to the COVID-19 pandemic for persons required to submit fingerprints in connection with applying for registration as an associated person or to be listed as a principal of a registrant.

PDF Image20-19 Letter Type: No-Action
Division: DMO, DSIO
Regulation Parts:
Tags:
Issuance Date:
Description:

This letter extends the time period of certain no-action relief provided in CFTC Staff Letters Nos. 20-02, 20-03, 20-04, 20-05, 20-06, 20-07, and 20-09, each issued on March 17, 2020 (the “COVID-19 Letters”) until September 30, 2020.

PDF Image20-18 Letter Type: No-Action
Division: DMO, DSIO
Regulation Parts: 23, 23.150, 23.151, 23.152, 23.153, 23.154, 23.155, 23.156, 23.157, 23.158, 23.159, 23.160, 23.161, 43, 45, 46
Tags: Margin, Reporting, Uncleared Swaps
Issuance Date:
Description:

No-action relief from certain Commission regulations with respect to certain warrants listed on foreign exchanges.

PDF Image20-17 Letter Type: Advisories
Division: COM, DMO, DCR, DSIO
Regulation Parts: 1.11, 1.55, 1.73, 38, 39.13
Tags: DCM, DCO, FCM, COVID-19, Risk Management, Market Integrity
Issuance Date:
Description:

DMO, DCO, and DSIO issue this advisory to remind DCMs, FCMs, and DCOs that they are expected to prepare for the possibility that certain contracts may continue to experience extreme market volatility, low liquidity and possibly negative pricing.

PDF Image20-16 Letter Type: No-Action
Division: DSIO
Regulation Parts: 1a(12)(C), 3.10, 3.12
Tags: COVID-19, Associated Persons, Fingerprinting
Issuance Date:
Description:

No-action position in response to the COVID-19 pandemic for persons required to submit fingerprints in connection with applying for registration as an associated person or being listed as a principal of a registrant

PDF Image20-15 Letter Type: No-Action
Division: DSIO
Regulation Parts: 1.17
Tags: FCM, IB, COVID-19, Minimum financial requirements
Issuance Date:
Description:

No-action positions for futures commission merchants and introducing brokers to address net capital treatment of covered loans under the CARES Act in response to the COVID-19 pandemic.

PDF Image20-14 Letter Type: No-Action
Division: DSIO
Regulation Parts: 23.151
Tags: Margin, SD, ESM
Issuance Date:
Description:

Revised time-limited no-action position with respect to uncleared swaps with the European Stability Mechanism under Commission regulation 23.150-161.

PDF Image20-13 Letter Type: No-Action
Division: DCR
Regulation Parts: 2(h), 2(h)(1), 50.2, 50.4
Tags: Clearing, Clearing Requirement, Swaps, ESM
Issuance Date:
Description:

Extended no-action relief for the European Stability Mechanism from the swap clearing requirement in Section 2(h)(1) of the Commodity Exchange Act and Commission regulations 50.2 and 50.4.

PDF Image20-12 Letter Type: No-Action
Division: DSIO
Regulation Parts: 30.5
Tags: Registration, COVID-19, Foreign Broker
Issuance Date:
Description:

No-action position for foreign brokers exempt pursuant to Commission regulation 30.5 to handle U.S. futures market orders in response to the COVID-19 pandemic