Release Number 7493-16

November 30, 2016

CFTC’s Division of Swap Dealer and Intermediary Oversight Issues No-Action Relief Relating to the Use of a Consolidated Risk Disclosure Statement for Non-institutional Customers

Washington, DC — The U.S. Commodity Futures Trading Commission’s (CFTC) Division of Swap Dealer and Intermediary Oversight today provided no-action relief to futures commission merchants (FCMs) and introducing brokers (IBs) to streamline the process for providing risk disclosure statements to non-institutional customers (i.e., customers that are not “eligible contract participants” as defined under the section 1a(18) of the Commodity Exchange Act).

Specifically, the no-action letter permits FCMs and IBs to provide non-institutional customers with a single risk disclosure document that consolidates the separate risk disclosure statements required by Regulations 1.55, 30.6, 33.7 and/or 190.10.

The use of a single, combined risk disclosure statement containing the same material information currently required in several risk disclosure statements will provide greater efficiency to the marketplace and potentially less confusion to customers.



Last Updated: November 30, 2016