July 6, 2012
CFTC’s Division of Market Oversight Issues Letter to Market Participants Regarding Compliance with Large Trader Reporting System for Physical Commodity Swaps and Swaptions
Division to Provide Temporary No-Action Relief for Less than Fully Compliant Reporting of Positions Based on Ownership
Washington, DC –The Commodity Futures Trading Commission’s (CFTC) Division of Market Oversight (Division) issued a letter to market participants providing temporary no-action relief for less than fully compliant reporting of positions based on ownership under the CFTC’s large trader reporting system for physical commodity swaps and swaptions. This temporary relief is intended to provide sufficient time for the industry to transition to fully compliant reporting for positions based on ownership by July 27, 2012. As a condition of this relief, market participants must submit, by July 30, 2012, fully compliant reports dating back to July 2, 2012.
Last Updated: July 6, 2012