RegAlert2015-02-27 | CFTC Staff Letter 15-05Added · Updated
CFTC Staff Letter 15-05: Extension of No-Action Relief for Southwest Power Pool
The CFTC Divisions extend the expiration date of no-action relief granted to Southwest Power Pool, Inc. and its members or market participants meeting the Appropriate Persons Requirement. This relief applies to contracts, agreements, transactions for transmission congestion rights, energy transactions, and operating reserve transactions offered under a FERC-approved tariff, as well as preliminary activities related to the Integrated Marketplace. The extension is effective immediately and expires on the earlier of September 30, 2015, or the date the Commission takes final action on Southwest Power Pool’s amended exemption application. During this period, the Divisions will not recommend enforcement action against these entities for failure to comply with specified Commodity Exchange Act provisions and regulations, excluding general anti-fraud and anti-manipulation authorities.
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U.S. COMMODITY FUTURES TRADING COMMISSION
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CFTC Letter No. 15-05
No-Action
Division of Clearing and Risk
Division of Swap Dealer and Intermediary Oversight Division of Market Oversight Senior Attorney Southwest Power Pool, Inc. 201 Worthen Drive Little Rock, Arkansas 72223-4936 Re: Extension of Time-Limited No-Action Relief with Respect to Certain Commodity Exchange Act Provisions That May Apply to Southwest Power Pool, Inc. and/or Its Participants Dear Mr. Ghormley:
The purpose of this letter is to inform you that the Division of Clearing and Risk, Division of Market Oversight, and the Division of Swap Dealer and Intermediary Oversight (“Divisions”) of the Commodity Futures Trading Commission (“Commission” or “CFTC”) are extending the expiration date of the no-action relief previously granted to Southwest Power Pool, Inc. (“Southwest Power Pool” or “SPP”) (“No-Action Relief”).1 By letter dated August 1, 2014 (“Request Letter”),2 you requested an extension of the No-Action Relief that the Divisions granted to Southwest Power Pool in CFTC Letter No. 14-
18. CFTC Letter No. 14-18, which expired on August 31, 2014, stated that the Divisions
would not recommend that the Commission take enforcement action against Southwest Power Pool, its members, or certain market participants for failure to comply with certain provisions of the Commodity Exchange Act (“CEA”) and the implementing regulations thereunder (“Commission regulations”), as applicable, 3 with respect to: (1) contracts, agreements and
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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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CFTC published 6 documents in the last 30 days. We email you each new one the day it's published.