CFTC Extends Reporting Relief for Certain Swap Dealers

[kreslik.news]

The requirement looming next week for certain CFTC-registered swap dealers (SD) and major swap participants (MSP) has prompted the U.S. Commodity Futures Trading Commission (CFTC) to issue a time-limited no-action letter today that extends temporary relief from certain swap reporting requirements.

According to a no-action letter issued by CFTC’s Division of Market Oversight, all swap dealers and major swap participants will now have until December 1, 2017, to comply with an agency rule requiring them to follow the swap data reporting requirements of Part 45 and Part 46 of the CFTC’s regulations, with respect to its swaps with non-U.S. counterparties that ... (read more)