Release Number 7648-17
November 20, 2017
CFTC Division of Market Oversight Issues No-Action Relief from Certain Timing Requirements Regarding SEF Chief Compliance Officer Annual Compliance Reports and Fourth Quarter Financial Reports
Washington, DC — The Commodity Futures Trading Commission’s (CFTC) Division of Market Oversight (Division) today issued no-action relief to swap execution facilities (SEF) from the timing requirement within CFTC regulation 37.1501(f)(2), which requires a chief compliance officer (CCO) of a SEF to submit an annual compliance report (ACR) to the CFTC not later than 60 days after the SEF’s fiscal year end.
The no-action relief also provides relief from the timing requirement within CFTC regulation 37.1306(d), which requires a SEF to file its fourth fiscal quarter financial report with the CFTC not later than 60 calendar days after the SEF’s fourth fiscal quarter. The no-action letter issued today provides SEFs with an additional 30 days to concurrently file the CCO ACR and fourth quarter financial reports with the CFTC not later than 90 days after the end of the SEF’s fiscal year end.
The no-action relief shall commence on the date of the issuance of this letter and expire on November 30, 2020 at 11:59 pm (EST).
Last Updated: November 20, 2017