CFTC Staff Letters
CFTC Staff Letters provides Letters from 2008 and later. For Letters published before 2008 visit the Letters Archive page.
Description | |
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23-16 | Letter Type: Advisories Division: DMO, DCR, MPD Regulation Parts: 37, 38, 39 Tags: Affiliates, Compliance, DCM, DCO, SEF Issuance Date: Description: The advisory reminds designated contract markets, derivatives clearing organizations, and swap execution facilities that have an affiliated intermediary or trading entity, as well as the affiliated intermediary or trading entities themselves, of their obligations to ensure compliance with existing statutory and regulatory requirements with this affiliate relationship in mind. The advisory also informs market participants that CFTC staff closely scrutinizes how these types of affiliate relationships are addressed when reviewing applications for registration or designation; conducting examinations and rule reviews; and through other supervisory means. Market participants are invited to contact the relevant Division if there are concerns regarding these types of affiliate relationships. Requester(s): CFTC |
23-13 | 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) June 30, 2024 or (b) the effective date of any final Commission action relating to Regulation 39.13(g). See also: Request Letter Requester(s): FIA |
23-11 | Letter Type: No-Action Division: MPD Regulation Parts: 23.105 Tags: Financial Reports, Swap Dealer Issuance Date: Description: Time limited no-action relief from regulation 23.105(p) for certain alternative financial reporting by SDs subject to the capital requirements of a prudential regulator. See also: Request Letter Requester(s): ISDA, SIFMA |
23-10 | Letter Type: No-Action Division: MPD Regulation Parts: 3, 4 Tags: Commodity Pool, CPO, CTA, Registration, Swaps Issuance Date: Description: No-action position from CPO/CTA registration granted to an entity that uses foreign exchange swaps in managing the risks of its biopharmaceutical royalties business. See also: Request Letter Requester(s): ROYALTY |
23-08 | Letter Type: No-Action Division: MPD Regulation Parts: 1.20, 1.32 Tags: FCM, Reporting, Segregated, Segregation, Customer Funds Issuance Date: Description: No-Action position regarding the deposit and holding of customer funds by a registered FCM under certain circumstances with Taiwan Banks See also: Request Letter Requester(s): ADMIS |
23-04 | Letter Type: Exemption Division: MPD Regulation Parts: 4.7, 4.7(b)(2), 4.7(b)(3) Tags: Commodity Pool, CPO, Pool Participant, Reporting Issuance Date: Description: Exemptive relief for a CPO from the requirement to provide quarterly account statements within 30 days of the end of each quarter for certain pools, provided that the CPO provides monthly account statements within 45 days of the end of each month for such pool. See also: Request Letter Requester(s): CGA, EIMS |
23-02 | Letter Type: No-Action Division: MPD Regulation Parts: 23.105 Tags: Financial Reports, SD, Swap Dealer, Tangible Net Worth Issuance Date: Description: No-action position regarding the timing of filing certain reports under swap dealer financial reporting requirements in Regulation 23.105(d) and (l). See also: Request Letter Requester(s): CRG |
23-01 | Letter Type: No-Action Division: MPD Regulation Parts: 23.402, 23.430, 23.431, 23.432, 23.434, 23.440, 23.450, 23.451, 23.504 Tags: Business Conduct Standards, Documentation, Intended To Be Cleared Issuance Date: Description: Revision of CFTC Staff Letter No. 13-70, regarding certain duties imposed on swap dealers (SDs) and major swap participants (MSPs) pursuant to the Commission’s Business Conduct Standards with Counterparties, as well as certain documentation requirements imposed on SDs and MSPs pursuant to Commission regulation § 23.504 for Intended-To-Be-Cleared Swaps. See also: Request Letter Requester(s): ISDA |