December 13, 2012
CFTC’s Division of Market Oversight Issues Time-Limited No-Action Relief from the Post-Allocation Swap Timing Requirement of § 45.3(e)(ii)(A) of the Commission’s Regulations
Washington, DC – The Commodity Futures Trading Commission’s (CFTC) Division of Market Oversight (Division) today issued a letter providing relief from the post-allocation swap timing requirement of § 45.3(e)(ii)(A). The Division’s no-action letter provides extended post-allocation reporting deadlines for swaps that meet certain criteria, provided that specific conditions are met. The no-action letter permits parties to a swap to fulfill their reporting obligations regarding post-allocation swaps in a timely manner while acknowledging jurisdictional, global time zone and legal holiday differences. The relief expires no later than June 30, 2013.
Last Updated: December 13, 2012