Title: 25-51

File Link

/csl/25-51/download

CSL Letter Types

No-Action

CSL Divisions

MPD

CSL Regulation Parts

1a(49)

1.3

CSL Tags

De Minimis

Registration

SD

Swap Dealer

CSL Issuance Date

Fri, 12/19/2025 - 12:00

Description

No-action position with respect to the exclusion of energy commodity end user swaps from the swap dealer de minimis calculation.