November 1, 2012
CFTC’s Division of Clearing and Risk Issues Temporary Compliance Delay Due to Hurricane Sandy
Washington, DC – Due to the damage caused by Hurricane Sandy, the staff of the Commodity Futures Trading Commission’s Division of Clearing and Risk today issued a no-action letter to temporarily delay the compliance date for the Commission’s Part 22 rules, which set forth segregation requirements for cleared swaps and associated cleared swaps customer collateral, from November 8, 2012 to November 13, 2012. The Division’s temporary delay of the compliance date for Part 22 regulations is made in light of the necessity for Futures Commission Merchants, many of which have operational personnel focused on business continuity/disaster recovery efforts, to finalize testing for compliance with these regulations.
Last Updated: November 1, 2012