RegAlert2012-12-21 | CFTC Staff Letter 12-65Added · Updated
Time-Limited No-Action Relief from Reporting Certain Non-Reporting Counterparty Information Under Parts 45 and 46
The CFTC Division of Market Oversight grants ISDA members and similarly situated persons time-limited no-action relief from reporting specific non-reporting counterparty information under Parts 45 and 46 until April 10, 2013. This relief applies only when the information is not provided by the non-reporting counterparty and remains unavailable despite a good faith effort to obtain it. Affected entities must resume full compliance immediately upon obtaining the data and must complete backloading of unreported records to Swap Data Repositories no later than April 30, 2013.
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U.S. COMMODITY FUTURES TRADING COMMISSION
Three Lafayette Centre
1155 21st Street, NW, Washington, DC 20581
Telephone: (202) 418-5260
Facsimile: (202) 418-5527
Division of
Market Oversight
CFTC Letter No. 12-65
No-Action
December 21, 2012
Division of Market Oversight
Robert Pickel
Chief Executive Officer
International Swaps and Derivatives Association, Inc.
1001 Pennsylvania Avenue, NW
Suite 600
Washington, DC 20004
Time-Limited No-Action Relief from the Reporting of Certain Non-Reporting Counterparty Information Pursuant to Parts 45 and 46 Dear Mr. Pickel, This letter is in response to your letter on behalf of International Swaps and Derivatives Association, Inc. (“ISDA”) dated December 7, 2012 (“Letter”), to the Division of Market Oversight (“DMO” or the “Division”) of the Commodity Futures Trading Commission (“CFTC” or “Commission”). In the Letter, you requested time-limited no-action relief for trade participants 1 with respect to certain reporting requirements promulgated by the Commission pursuant to the Dodd-Frank Wall Street Reform and Consumer Protection Act (“Dodd-Frank Act”) under Parts 45 2 and 46 3 of the Commission’s regulations. 4 Specifically, ISDA identified the reporting, of what ISDA terms “Counterparty Information”5 as an area in which full compliance with the Parts 45 and 46 reporting requirements, as they pertain to reporting
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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.