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 12-20 Letter Type: No-Action
Division: DSIO
Regulation Parts: 1.3(ggg)(4), 1.3(hhh)
Tags: De Minimis, Exception, MSP, Swap Dealer
Issuance Date:
Description:

Time-Limited No-Action Relief: Swaps in Agricultural and Exempt Commodities Not to be Considered in Calculating Aggregate Gross Notional Amount for Purposes of Swap Dealer De Minimis Exception and Calculation of Whether a Person is a Major Swap Participant.


PDF Image 12-19 Letter Type: Interpretative
Division: DSIO
Regulation Parts: 1.3, 4.5
Tags: CPO, Exclusion
Issuance Date:
Description:

The Division of Swap Dealer and Intermediary Oversight issued an interpretative letter that clarifies, in light of the recent vacatur of the position limits rule, the scope of the bona fide hedging exemption from the trading thresholds as applied to the operators of registered investment companies pursuant to Regulation 4.5.


PDF Image 12-18 Letter Type: No-Action
Division: DSIO
Regulation Parts: 1.3(ggg)(4)
Tags: De Minimis, Exception, Swap Dealer
Issuance Date:
Description:

Staff No-Action Relief: Temporary Relief from the De Minimis Threshold for Certain Swaps with Special Entities.


PDF Image 12-17 Letter Type: No-Action, Interpretative
Division: DSIO
Regulation Parts: 1a(18)(A), 2(e), 13(a), 23.430
Tags: Counterparty, Eligibility
Issuance Date:
Description:

Interpretations and no-action positions related to ECP status.


PDF Image 12-16 Letter Type: No-Action
Division: DSIO
Regulation Parts: 2(d), 2(e), 2(g), 2(h), 1.3(ggg)(4)
Tags: Clearing Requirement, De Minimis, Exception, Futures Laws, Swap Dealer, Swaps
Issuance Date:
Description:

Time-Limited No-Action Relief: Cleared Swaps in Agricultural and Exempt Commodities and Swaps Exchanged for Futures Not to be Considered in Calculating Aggregate Gross Notional Amount for Purposes of Swap Dealer De Minimis Exception.


PDF Image 12-15 Letter Type: No-Action
Division: DSIO
Regulation Parts: 4d, 4e, 4m, 4s(b)(6), 8a(2), 8a(3)
Tags: CPO, CTA, FCM, IB, Interstate, MSP, Registration, SD, Unregistered
Issuance Date:
Description:

Registration Relief for Certain Persons.


PDF Image 12-14 Letter Type: Interpretative
Division: DSIO
Regulation Parts: 1a(10), 4.10
Tags: Commodity Pool, CPO, CTA
Issuance Date:
Description:

The Division of Swap Dealer and Intermediary Oversight issued an interpretative letter excluding certain securitization vehicles from the definition of commodity pool, subject to certain conditions.


PDF Image 12-13 Letter Type: Interpretative
Division: DSIO
Regulation Parts: 1a(10), 4.10
Tags: Commodity Pool, CPO, CTA
Issuance Date:
Description:

Request for Interpretation of the Definition of “Commodity Pool” under Section 1a(10) of the Commodity Exchange Act.


PDF Image 12-12 Letter Type: No-Action
Division: DMO, DSIO, DCR
Regulation Parts: 32.4, 180
Tags:
Issuance Date:
Description:

Staff No-Action Relief: Preservation of the Regulatory Status Quo with Respect to Certain CEA Provisions That May Apply to FPA Section 201(f) Entities and Other Electric Cooperatives.


PDF Image 12-11 Letter Type: No-Action
Division: DMO, DSIO, DCR
Regulation Parts: 4(c)
Tags: Foreign Transactions
Issuance Date:
Description:

Staff No-Action Relief: Preservation of the Regulatory Status Quo with Respect to Certain CEA Provisions That May Apply to RTOs, ISOs, and/or Their Participants. (Extended by 13-05)