April 25, 2014

CFTC Staff Issues Time-Limited No-Action Letter on the Applicability of Oral Recording Requirements for Certain Members of Designated Contract Markets or Swap Execution Facilities

Washington, DC — The U.S. Commodity Futures Trading Commission’s (CFTC) Division of Swap Dealer and Intermediary Oversight and Division of Market Oversight (Divisions) today issued a time-limited no-action letter that provides relief to commodity trading advisors that are members of designated contract markets or swap execution facilities.

The relief covers the oral recording requirement set forth in Commission Regulation 1.35(a), in connection with the execution of swaps. The letter extends no-action relief that previously was granted by the Divisions in CFTC Letter Nos. 13-77 and 14-33.

The letter issued today will expire on December 31, 2014.

Last Updated: April 25, 2014