June 26, 2014

CFTC Staff Issues Extension of Time- Limited, No-Action Relief to Futures Commission Merchants

Washington, DC — The Commodity Futures Trading Commission’s Division of Swap Dealer and Intermediary Oversight recently issued an extension of two previously issued time-limited, no-action relief actions (CFTC letters 14-02 and 14-45) to the Futures Industry Association, its member Futures Commission Merchants (FCMs), and similarly situated FCMs.

The conditioned relief extends the compliance date to October 31, 2014 for certain conditions associated with the receipt of customer funds by an FCM pursuant to Commission Regulations 1.20, 22.2 and 30.7.

Last Updated: June 27, 2014