RegAlert2017-11-30 | CFTC Staff Letter 17-64Added · Updated
CFTC Staff Letter 17-64: Extension of Time-Limited No-Action Relief from Part 45 and Part 46 for Non-U.S. SDs and MSPs
The Division of Market Oversight extends time-limited no-action relief from certain swap data reporting requirements of Parts 45 and 46 for non-U.S. swap dealers and major swap participants established in Australia, Canada, the European Union, Japan, or Switzerland. This relief applies to swaps with non-U.S. counterparties that are not guaranteed or conduit affiliates of a U.S. person and excludes specific recordkeeping requirements under Regulations 45.2, 45.6, 46.2, and 46.4. The extension lasts until the earlier of 30 days following a comparability determination for the relevant jurisdiction or December 1, 2020, with no further extensions intended beyond that date.
CFTC published 6 documents in the last 30 days — get each new one by email the day it lands.
U.S. COMMODITY FUTURES TRADING COMMISSION
Three Lafayette Centre
1155 21st Street, NW, Washington, DC 20581
Telephone: (202) 418-5000
Facsimile: (202) 418-5521 www.cftc.gov
Division of Market Oversight
CFTC Letter No. 17-64
No-Action
November 30, 2017
Division of Market Oversight
Extension of Time-Limited No-Action Relief from Certain Requirements of Part 45 and
Part 46 of the Commission’s Regulations, for Certain Swap Dealers and Major Swap
Participants Established under the Laws of Australia, Canada, the European Union, Japan or Switzerland This letter responds to requests received by the Division of Market Oversight (the “Division”) of the Commodity Futures Trading Commission (the “Commission”), pursuant to Commission Regulation 140.99, to extend certain staff no-action relief provided in CFTC Letter No. 13-75 and extended under CFTC Letter Nos. 14-141, 15-61 and 16-79.
I. Background
On December 20, 2013 the Division issued CFTC Letter No. 13-75 to provide Commission-registered swap dealers (“SDs”) and major swap participants (“MSPs”) that are non-U.S. persons 2 established under the laws of Australia, Canada, the European Union, Japan or Switzerland (collectively, the “Enumerated Jurisdictions”), and that are not part of an affiliated group in which the ultimate parent entity is a U.S. SD, U.S. MSP, U.S. bank, U.S. financial holding company or U.S. bank holding company, with time-limited no-action relief from requirements of the swap data reporting rules set forth in Part 45 3 and Part 46 4 of the Commission’s regulations (collectively, the “SDR Reporting Rules”). On November 24, 2014,
Read the rest free, and get an email when CFTC publishes again
Lineage: In force
Timeline
This document amends: CFTC Staff Letter 15-61: Extension of Time-Limited No-Action Relief from SDR Reporting Rules for Non-U.S. Swap Dealers and Major Swap Participants, Extension of Time-Limited No-Action Relief from Part 45 and Part 46 Requirements for Non-U.S. SDs and MSPs, CFTC Staff Letter 13-75: Time-Limited No-Action Relief from Part 45 and Part 46 for Non-U.S. SDs and MSPs in Australia, Canada, EU, Japan, or Switzerland
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
More like this from CFTC
CFTC published 6 documents in the last 30 days. We email you each new one the day it's published.