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 Image19-29 Letter Type: No-Action
Division: DSIO
Regulation Parts: 23.154
Tags: Initial margin, Margin, SD
Issuance Date:
Description:

No-action relief granted to a swap dealer concerning the calculation of initial margin under Commission regulation 23.154.

PDF Image19-26 Letter Type: No-Action
Division: DSIO
Regulation Parts: 1.3, 23.150, 23.151, 23.152, 23.153, 23.154, 23.155, 23.156, 23.157, 23.158, 23.159, 23.161, 23 Subpart H, 23.451, 23.501, 23.502, 23.504, 23.505
Tags: De Minimis, Margin, SD, Swap Dealer, LIBOR, IBOR, Business Conduct Standards, Eligible Contract Participant, Swap Documentation
Issuance Date:
Description:

No-action relief to facilitate an orderly transition of swaps from inter-bank offered rates to alternative benchmarks.

PDF Image19-25 Letter Type: No-Action
Division: DSIO
Regulation Parts: 23.152, 23.153
Tags: Initial margin, Margin, minimum transfer amount, MTA
Issuance Date:
Description:

Staff Time-Limited No-Action Position Regarding Application of Minimum Transfer Amount under the Uncleared Margin Rules

PDF Image19-22 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, 23.161
Tags: Margin, SD, Swap Dealer, Uncleared Swaps, ESM
Issuance Date:
Description:

Revised no-action position with respect to uncleared swaps with the European Stability Mechanism under Commission Regulations 23.150-159, 23.161.

PDF Image19-21 Letter Type: No-Action
Division: DSIO
Regulation Parts: 4d, 4m
Tags: CTA, IB, Statutory Disqualification
Issuance Date:
Description:

No-action relief was granted to an entity from the statutory disqualification condition of CFTC Staff Letter No. 12-70 with repsect to its affiliate support activities.

PDF Image19-20 Letter Type: No-Action
Division: DSIO
Regulation Parts: 4m(1)
Tags: CPO, Registration
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 Image19-17 Letter Type: No-Action, Advisories
Division: DCR, DSIO
Regulation Parts: 1.56, 39.13
Tags: Initial margin, DCO, Disclosures, FCM, Margin, Guarantees Against Loss, Margin Withdrawals
Issuance Date:
Description:

Advisory to FCMs and time-limited no-action relief to DCOs with respect to the treatment of separate accounts by FCMs.

PDF Image19-14 Letter Type: No-Action
Division: DSIO
Regulation Parts: 1.3
Tags: Floor Trader
Issuance Date:
Description:

No-Action relief granted to registered floor traders from compliance with certain conditions in paragraph (6)(iv) of the "swap dealer" definition in CFTC regulation 1.3.

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).