RegAlert2012-12-11 | CFTC Staff Letter 12-48Added · Updated
CFTC Staff Letter 12-48: No-Action Relief for Preservation of Regulatory Status Quo for Certain Transactions
The Division of Market Oversight will not recommend enforcement actions against agreements, contracts, or transactions involving agricultural, exempt, and excluded commodities that conform to the conditions of the Commission’s Second Amendment to July 14, 2011 Order. This relief applies to facilities operating compliant platforms and persons offering or rendering services with respect to such transactions, extending the regulatory status quo established by prior orders. The no-action position expires on the earlier of June 30, 2013, or the effective date of the swap execution facility final rulemaking, with extensions available for pending registration applications.
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U.S. COMMODITY FUTURES TRADING COMMISSION
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Division of
Market Oversight
CFTC Letter No. 12-48
No-Action
December 11, 2012
Division of Market Oversight
Staff No-Action Relief: Preservation of the Regulatory Status Quo Established with Respect to Certain Transactions by the Commission’s Second Amendment to July 14, 2011 Order for Swap Regulation On July 13, 2012, the Commodity Futures Trading Commission (the “Commission”) published a Final Order (the “Second Amendment to July 14, 2011 Order”) that, among other things, granted temporary exemptive relief from certain provisions of the Commodity Exchange Act (“CEA”) and Commission regulations applicable to certain agreements, contracts, and transactions as a result of Title VII of the Dodd-Frank Wall Street Reform and Consumer Protection Act (“DoddFrank Act”), which, as of July 16, 2011, repealed various previously applicable CEA exemptions and exclusions. 1
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Lineage: Superseded
Timeline
Amended 2 times · last 2013-09-27
- 2013-09-27
CFTCTime-Limited No-Action Relief for Temporarily Registered Swap Execution Facilities from Enforcement Responsibilities Under Commission Regulations 37.200(a), 37.200(b), 37.201(b)(1), 37.201(b)(3), 37.201(b)(5), 37.202(b) and 37.203supersedes
- 2013-06-17
Source: Commodity Futures Trading Commission — original document · Summary generated with machine assistance and reviewed before publication; the authoritative text is the regulator's original document. How RegAlert works
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CFTC published 6 documents in the last 30 days. We email you each new one the day it's published.