Provides, subject to certain conditions, no-action positions for post-trade risk reduction service providers for failure to register as a swap execution facility, and for those entering into swaps that are subject to the swap clearing requirement and trade execution requirement.

Amendment of Appendix A of Staff Letter 24-11 to add two UK swap trading facilities to Staff Letter 24-11.

No-action position for intended-to-be-cleared swaps traded on Eligible UK Trading Venues (as defined in the letter).