RegAlert2014-03-21 | CFTC Staff Letter 14-32Added · Updated
CFTC Staff Letter 14-32: No-Action Relief for Mitsui & Co. Precious Metals Inc. Chief Compliance Officer Annual Report
The Division of Swap Dealer and Intermediary Oversight will not recommend enforcement action against Mitsui & Company Precious Metals, Inc. for submitting an abbreviated Chief Compliance Officer Annual Report for the fiscal year ending March 31, 2014, that does not fully comply with Regulation 3.3(e) and (f). This relief applies provided the report includes a business description, identification of the CEO and CCO, a review of compliance policies, a description of material noncompliance issues, and specific certifications. The report must be furnished electronically to the Commission no later than 90 days after the fiscal year end and must satisfy the requirements of Regulation 3.3(f)(1) and (f)(4). This exemption is limited solely to the Annual Report for the fiscal year ending March 31, 2014.
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U.S. COMMODITY FUTURES TRADING COMMISSION
Three Lafayette Centre
1155 21st Street, NW, Washington, DC 20581
Telephone: (202) 418-5977
Facsimile: (202) 418-5407 gbarnett@cftc.gov
Division of Swap Dealer and
Intermediary Oversight
Gary Barnett
Director
CFTC Letter No. 14-32
No-Action
March 21, 2014
Division of Swap Dealer and Intermediary Oversight Tatsuya Sugimura Chief Executive Officer 200 Park Avenue New York, NY 10166 Re: No-Action Relief from Compliance with Certain Requirements of Commission Regulation 3.3 Relating to the Chief Compliance Officer Annual Report Dear Mr. Sugimura:
This letter is in response to your request for relief on behalf of Mitsui & Company Precious Metals, Inc. (“Mitsui”), in which you requested that the Division of Swap Dealer and Intermediary Oversight (“Division”) issue a no-action letter stating that the Division will not recommend that the U.S. Commodity Futures Trading Commission (“Commission”) commence an enforcement action against Mitsui for violating Commission Regulation (“Regulation”) 3.3 1 by completing a chief compliance officer (“CCO”) Annual Report for the fiscal year ending on March 31, 2014, that does not mean certain regulatory requirements. Regulatory Background
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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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