Extension of Time-Limited No-Action Relief for Southwest Power Pool and Participants

The Divisions of the Commodity Futures Trading Commission extend the expiration date of no-action relief for Southwest Power Pool, Inc. and its members or market participants meeting the Appropriate Persons Requirement. The relief, which covers contracts for transmission congestion rights, energy transactions, and operating reserve transactions under a FERC-approved tariff, now expires on the earlier of February 15, 2016, or the date the Commission takes final action on the Proposed Order. During this period, the Divisions will not recommend enforcement action for failures to comply with specified Commodity Exchange Act provisions, excluding general anti-fraud and anti-manipulation authorities.

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U.S. COMMODITY FUTURES TRADING COMMISSION
Three Lafayette Centre
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Telephone: (202) 418-5000
Facsimile: (202) 418-5521 www.cftc.gov
Division of Clearing and Risk f f
Division o Market Oversight
Division o Swap Dealer and Intermediary Oversight CFTC Letter 15-69 No Action Division of Clearing and Risk Division of Market Oversight Division of Swap Dealer and Intermediary 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 On February 20, 2014, the Divisions granted time-limited No-Action Relief to Southwest Power Pool. In CFTC Letter No. 14-18, the Divisions stated that they 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, 2 with respect to: (1) contracts, agreements and transactions for the

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This document amends: CFTC Staff Letter 14-18: No-Action Relief for Southwest Power Pool and Participants

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