RegAlert2013-04-09 | CFTC Staff Letter 13-10Added · Updated
Time-Limited No-Action Relief for Non-SD/MSP Swap Counterparties from Certain Swap Data Reporting Requirements
The Division of Market Oversight provides temporary no-action relief from enforcement for swap data reporting obligations under Parts 43, 45, and 46 to swap counterparties that are not swap dealers or major swap participants. Financial swap counterparties must report equity, foreign exchange, and other commodity swaps by May 29, 2013, and historical swaps by September 30, 2013, with backloading deadlines of June 29 and September 30, 2013, respectively. Non-financial swap counterparties must report interest rate and credit swaps by July 1, 2013, and other asset classes by August 19, 2013, with backloading deadlines of August 1 and September 19, 2013, and historical swap reporting by October 31, 2013. The relief does not extend to recordkeeping obligations, which remain effective April 10, 2013, nor to entities that become swap dealers or major swap participants.
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U.S. COMMODITY FUTURES TRADING COMMISSION
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Division of Market Oversight
CFTC Letter No. 13-10
No-Action
April 9, 2013
Division of Market Oversight
Time-Limited No-Action Relief for Swap Counterparties that are not Swap Dealers or Major Swap Participants, from Certain Swap Data Reporting Requirements of Parts 43, 45 and 46 of the Commission’s Regulations Ladies and Gentlemen:
This letter responds to requests received from multiple parties, by the Division of Market Oversight (the “Division”) of the Commodity Futures Trading Commission (the “Commission”), to provide no-action relief to extend the date by which a swap counterparty that is not a swap dealer or a major swap participant, as such terms are defined in the Commodity Exchange Act 1 and the Commission’s regulations thereunder (a “non-SD/MSP counterparty”), must be in compliance with its reporting obligations under the Commission’s swap data recordkeeping and reporting rules. 2
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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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