CFTC’s Division of Market Oversight issues 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 and Switzerland.
Part 45 and Part 46 of the Commission’s regulations; No-Action

14-141

Extension of No-Action Relief: Transaction-Level Requirements for Non-U.S. Swap Dealers.
Commission Regulations 23.202, 23.205, 23.400 to 23.451, 23.501, 23.502, 23.503, 23.504, 23.505, 23.506, 23.610, 23.701 to 23.704, and parts 37, 38, 43, and 50; No-Action
14-74

No-Action Relief from the Commodity Exchange Act Sections 2(h)(8) and 5(d)(9) and from Commission Regulation 37.9 for Swaps Executed as Part of a Package Transaction.
Sections 2(h)(8) and 5(d)(9) of the Act; No-Action
14-12

Extension of No-Action Relief: Transaction-Level Requirements for Non-U.S. Swap Dealers
Commission Regulations 23.202, 23.205, 23.400 to 23.451, 23.501, 23.502, 23.503, 23.504, 23.505, 23.506, 23.610, and Parts 43 and 50 of the Commission’s Regulations; No-Action
14-01

The CFTC’s Division of Market Oversight has issued a no-action letter in connection with certain CDS trades executed pursuant to a DCO’s CDS Settlement Price Process, providing time-limited no-action relief to DCOs and their Clearing Members from the SEF Registration Requirement and Trading Mandate under Part 37, and from various reporting requirements under Part 45, allowing the DCO to fulfill the Reporting Counterparty’s Obligations.
Parts 37 and 45 of the CFTC’s regulations; No-Action
13-86

Time-Limited No-Action Relief for Certain Swap Dealers from Compliance with the Requirements of Commission Regulation 3.3 Relating to Annual Reports by Chief Compliance Officers.
Commission Regulation 3.3(f); No-Action
13-85

The CFTC’s Division of Market Oversight has issued a no-action letter providing relief to swap execution facilities (SEFs) that provide basis risk mitigation services for required transactions for failure to comply with the execution methods required under Part 37.9(a)(2) of the Commission’s regulations.
Part 37 of the CFTC’s regulations; No-Action
13-81

Time-Limited No-Action Letter from Certain Entity-Level Internal Business Conduct Requirements for Certain Swap Dealers and Major Swap Participants Established under the Laws of Australia, Canada, the European Union, Japan, and Switzerland.
Commission Regulations 23.600(c)(2), 23.608, and 23.609; No-Action
13-78

Conditional Time-Limited No-Action Relief for Yieldbroker Pty Ltd with Regard to Section 5h(a)(1) of the Commodity Exchange Act and Commission Regulation 37.3(a)(1).
CEA section 5h(a)(1); Commission Regulation 37.3(a)(1); No-Action
13-76

CFTC’s Division of Market Oversight Issues 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.
Part 45 and Part 46 of the Commission’s regulations; No-Action
13-75

Extension of a Time-Limited No-Action Relief to Japan Securities Clearing Corporation and Its Qualifying Participants and Affiliates concerning Sections 5b(a) and 2(h)(1)(A) of the Commodity Exchange Act.
Commodity Exchange Act sections 2(h)(1)(A) and 5b(a); No-Action
13-73

Time-limited no-action relief for Non-U.S. SDs with respect to compliance with Transaction-Level Requirements when entering into Covered Transactions, until January 14, 2014.
Commission Regulations 23.202, 23.205, 23.400 to 23.451, 23.501, 23.502, 23.503, 23.504, 23.505, 23.506, 23.610, and Parts 43 and 50 of the Commission’s Regulations; No-Action
13-71

CFTC’s Division of Market Oversight Issues Extension of Certain Time-Limited No-Action Relief Regarding Swap Execution Facilities Provided by CFTC No-Action Letter Nos. 13-55 (amended), 13-56 and 13-58 for Swaps in the Foreign Exchange Asset Class.
Parts 37, 43 and 45 of the Commission’s Regulations; No-Action
13-68

Time-Limited No-Action Relief for GTX SEF LLC from the Registration Requirements of Section 5h(a)(1) of the Commodity Exchange Act and Commission Regulation 37.3(a)(1).
CEA section 5h(a)(1); Commission Regulation 37.3(a)(1; No-Action
13-65

Time-Limited No-Action Relief for LatAm SEF, LLC from the Registration Requirements of Section 5h(a)(1) of the Commodity Exchange Act and Commission Regulation 37.3(a)(1).
CEA section 5h(a)(1); Commission Regulation 37.3(a)(1); No-Action
13-63

Time-Limited No-Action Relief for (1) Futures Commission Merchants from Requirement to Comply with Commission Regulations 1.73(a)(2)(i) and (a)(2)(ii); and (2) Temporarily Registered Swap Execution Facilities from Requirement to Comply with Commission Regulation 37.702(b)..

Rules 1.73(a)(2)(i)-(ii), 37.702(b); No-Action

13-62

Time-Limited No-Action Relief: Request that Certain Swaps Not Be Considered in Calculating Aggregate Gross Notional Amount for Purposes of the Swap Dealer De Minimis Exception for Persons Engaging in Floor Trader Activities.  This letter extends the time-limited relief previously provided by DSIO in CFTC Letter Nos. 13-37 and 12-60.
Commission Regulation 1.3(ggg); No-Action
13-61

Time-Limited No-Action Relief for Swap Execution Facilities and Designated Contract Markets from the One Business Day Product Review Period Requirement of Commission Regulation 40.2(a)(2) for Newly-Listed Swap Products.

Commission regulation 40.2(a)(2); No-Action

13-60

Time-Limited No-Action Relief for Yieldbroker Pty Limited with Regard to Section 5h(a)(1) of the Commodity Exchange Act and Commission Regulation 37.3(a)(1).

CEA section 5h(a)(1); Commission Regulation 37.3(a)(1); No-Action

13-59

Time-Limited No-Action Relief to Temporarily Registered Swap Execution Facilities from Commission Regulation 37.6(b) for Non-Cleared Swaps in All Asset Classes.

37.6(b); No-Action

13-58

Time-Limited No-Action Relief for Temporarily Registered Swap Execution Facilities from Enforcement Responsibilities Under Commission Regulations 37.200(a), 37.200(b), 37.201(b)(1), 37.201(b)(3), 37.201(b)(5), 37.202(b) and 37.203 with respect to market participants trading on those SEFs.

Commission Regulations 37.200(a), 37.200(b), 37.201(b)(1), 37.201(b)(3), 37.201(b)(5), 37.202(b) and 37.203; No-Action; September 27, 2013

13-57

Time Limited No-Action Relief for Reporting Counterparties from Certain Continuation Data Reporting Requirements of Section 45.4 of the Commission’s Regulations with respect to Uncleared Swaps Executed on or Pursuant to the Rules of a Temporarily Registered Swap Execution Facility.
Section 45.4 of the Commission’s Regulations; No-Action
13-56

Swap Data Reporting Requirements of Parts 43 and 45 of the Commission’s Regulations.
Parts 43 and 45 of the Commission’s Regulations; No-Action
13-55

No-Action Relief for Nodal Exchange, LLC with Regard to Commission Regulation 40.2(a)(2).
Regulation 40.2(a)(2); No-Action
13-54

No-Action Relief for LCH.Clearnet Ltd with Regard to Clearing Futures and Options on Futures Executed on Nodal Exchange.
Sections 5b(a) and 5(d)(11)(A) of the Act; Commission Regulation 38.601
13-53

The Division of Swap Dealer and Intermediary Oversight (DSIO) issued a no-action letter stating that the Division will not recommend that the Commission take an enforcement action against an SD or MSP for failure to comply, prior to September 15, 2013, with Regulation 23.502, provided that the SD or MSP intends to rely upon – and be compliant with – the EMIR portfolio reconciliation rules, beginning on September 15, 2013, and otherwise satisfies the conditions set forth in CFTC Letter No. 13-45 Corrected.
Commission Regulation 23.502; No-Action
13-50

No-Action Relief for Eurex Clearing AG with Regard to Sections 5b(a) and 2(h)(1)(A) of the Commodity Exchange Act and Implementing Regulations Thereunder..
Sections 5b(a) and 2(h)(1)(A) of the Act and implementing regulations thereunder; No-Action
13-44

Please see Attachment A-Products Offered for Clearing by Eurex Clearing AG

No-Action Relief for LCH.Clearnet with Regard to Sections 5b(a) and 2(h)(1)(A) of the Commodity Exchange Act and Implementing Regulations Thereunder.
Sections 5b(a) and 2(h)(1)(A) of the Act and implementing regulations thereunder; No-Action
13-43

The Division of Swap Dealer and Intermediary Oversight issued a time-limited no-action letter that grants relief to all swap dealers and major swap participants from the portfolio reconciliation requirements of Regulation 23.502 until August 23, 2013.
Commission Regulation 23.502; No-Action
13-40

The Division of Swap Dealer and Intermediary Oversight issued a no-action letter that provides swap dealers with relief from certain External Business Conduct Standards rules in the context of foreign exchange intermediated prime brokerage arrangements.
Part 23, Subpart H, of the Commission’s Regulations; No-Action
13-39

Time-Limited No-Action Relief Regarding Certain Documentation Requirements for Swap Dealers (“SDs”) and Major Swap Participants (“MSPs”) with Foreign Exchange Counterparties.
Commission Regulation 23.504; No-Action
13-38

Time-Limited No-Action Relief: Request that Certain Swaps Not Be Considered in Calculating Aggregate Gross Notional Amount for Purposes of the Swap Dealer (“SD”) De Minimis Exception for Persons Engaging in Floor Trader Activities.
Commission Regulation 1.3(ggg); No-Action
13-37

Extension of Time-Limited No-Action Relief for Swap Dealers and Major Swap Participants from the Reporting Requirements of Part 45 for CDS Clearing-Related Swaps.
§ 45.3; No-Action
13-36

Additional Time-Limited No-Action Relief for Bespoke or Complex Swaps from Certain Swap Data Reporting Requirements of Parts 43 and 45 of the Commission’s Regulations.
Part 43 and Part 45: Specified subsections of §§ 43.3(a); 43.4(a); Appendix A to Part 43; 45.3(b); 45.3(c); 45.3(d); 45.4(c); Appendix 1 to Part 45; No-Action
13-35

Extension of Time-Limited No-Action Relief for Swap Dealers and Major Swap Participants from Compliance with Reporting Obligations Under 17 CFR § 45.4(b)(2)(ii).
§45.4(b)(2)(ii); No-Action
13-34

No-Action Relief: Swaps Intended to be Cleared.
Commission Regulations 23.402, 23.430, 23.431, 23.432, 23.434, 23.440, 23.450, 23.451, 23.504; No-Action

13-33

Request for Time-Limited No-Action Relief for Certain Swap Dealers from Compliance with Requirements of Commission Regulation 3.3 Relating to Annual Reports by Chief Compliance Officers.
Commission Regulation 3.3; No-Action
13-32

Extension of Time-Limited No-Action Relief from the Clearing Requirement for Swaps Entered into by Cooperatives.
Section 2(h)(1)(A) of the CEA and Commission Regulations 50.2 and 50.4; No-Action
13-30

Staff No-Action Relief: Extension of the Regulatory Status Quo
Established with Respect to Certain Transactions by the Commission’s
Second Amendment to the July 14, 2011 Order for Swap Regulation
CEA sections 2(d), 2(e), 2(g), 2(h), 5d; No-Action
13-28

Time-Limited No-Action Relief from the Clearing Requirement for Swaps Entered into by Cooperatives.
Section 2(h)(1)(A) of the CEA and Commission Regulations 50.2 and 50.4; No-Action
13-24

No-Action Relief from the Required Clearing for Swaps Entered Into By Eligible Treasury Affiliates.
Section 2(h)(1) of the CEA; No-Action
13-22

No-action Relief: Extension for Compliance with Rule 1.73(a)(2)(v)(B) - Screening of Bunched Orders.
Rule 1.73(a)(2)(v)(B); Other Written Communication
13-21

Time-Limited Relief for Swap Dealers and Major Swap Participants from Compliance with Business Conduct Standards in Foreign Exchange Transactions with a Settlement Cycle of No More than Seven Local Business Days.
Part 23, Subpart H, of the Commission’s Regulations; No-Action
13-13

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.
Parts 43, 45 and 46 of the CFTC’s regulations; No-Action
13-10

Time-Limited No-Action Relief for Securitization Vehicles Regarding Compliance with Part 4 of the Commission’s Regulations.

Part 4

13-07

Extension of Time: Alternative Compliance Schedule for Regulation 1.74- Timing of Acceptance of Trades for Clearing.
Regulation 1.74; Extension

Barclays Capital Inc.
Citi Futures and OTC Clearing
Credit Suisse
Deutsche Bank Securities Inc.
Goldman Sachs & Co
J.P. Morgan
Merrill Lynch, Pierce, Fenner & Smith
Morgan Stanley
RBS Securities Inc.
UBS Securities LLC
Newedge USA, LLC

No-Action Relief from Provisions of Regulation 1.71.
Regulation 1.71; No-Action
12-26

Time-Limited No-Action Relief: Swaps Only With Certain Persons to be Included in Calculation of Aggregate Gross Notional Amount for Purposes of Swap Dealer De Minimis Exception and Calculation of Whether a Person is a Major Swap Participant.
Regulations 1.3(ggg)(4) and 1.3(hhh); No-Action
12-22

Time Limited No-action Relief: Foreign Exchange Swaps and Foreign Exchange Forwards Not to be Considered in Calculating Aggregate Gross Notional Amount for Purposes of Swap Dealer De Minimis Exception or in Calculating Substantial Position in Swaps or Substantial Counterparty Exposure for Purposes of the Major Swap Participant Definition. Time-Limited No-action Relief for persons that meet the definitions of Commodity Pool Operators and Commodity Trading Advisors Solely as a Result of their Foreign Exchange Swap and Foreign Exchange Forward Activities.
Commission Regulation 1.3(ggg)(4); No-Action
12-21

Time-Limited No-Action Relief: Swaps in Agricultural and Exempt Commodities Not to be Considered in Calculating Aggregate Gross Notional Amount for Purposes of Swap Dealer De Minimis Exception and Calculation of Whether a Person is a Major Swap Participant.
Commission Regulations 1.3(ggg)(4) and 1.3(hhh); No-Action
12-20

Staff No-Action Relief: Temporary Relief from the De Minimis Threshold for Certain Swaps with Special Entities.
1.3(ggg)(4); No-Action
12-18

Interpretations and no-action positions related to ECP status.
1a(18)(A); 2(e); 13(a); 17 C.F.R. § 23.430; No-Action; Interpretation
12-17

Time-Limited No-Action Relief: Cleared Swaps in Agricultural and Exempt Commodities and Swaps Exchanged for Futures Not to be Considered in Calculating Aggregate Gross Notional Amount for Purposes of Swap Dealer De Minimis Exception.
Regulation 1.3(ggg)(4); No-Action
12-16

Registration Relief for Certain Persons.
CEA Sections 4d, 4e, 4m, 4s(b)(6); and CFTC Part 3 Regulations; No-Action
12-15

Staff No-Action Relief: Preservation of the Regulatory Status Quo with Respect to Certain CEA Provisions That May Apply to FPA Section 201(f) Entities and Other Electric Cooperatives.
No action with respect to all provisions except general enforcement provisions; No-Action
12-12

Staff No-Action Relief: Preservation of the Regulatory Status Quo with Respect to Certain CEA Provisions That May Apply to RTOs, ISOs, and/or Their Participants.
Section 4(c)(6); No-Action
12-11

Division of Clearing and Risk staff issued a no action preserving the regulatory status quo with respect to swaps cleared by a DCO (and related) collateral which expires on the compliance date for Part 22 regulations, November 8, 2012.
4d(f)(2), (3), (4), and (6); No-Action
12-10

The Division of Clearing and Risk granted an extension for compliance with Regulation 1.73(a)(1) for small exchanges and Regulation 1.73(a)(2)(iv)-(v) for automated screening of give-up and bunched orders, until June 1, 2013.

1.73(a)(2)(i), 1.73(a)(2)(iv), 1.73(a)(2)(v); No-Action

12-09

Staff No-Action Relief: Temporary Relief for Persons Eligible for the Trade Option Exemption from the Requirements of §§ 32.3(b) and 32.3(c)(1), (3), (4) and (5) of the Commission’s Regulations.
Regulation 32.3 Trade Options; No-Action
12-06

Staff No-Action Relief: Temporary Relief for Non-Clearing Member Swap Dealers from the Requirements of § 20.4 of the Commission’s Regulations Regarding Large Swaps Trader Reporting for Physical Commodities.

Part 20: Large Trader Reporting for Physical Commodity Swaps; No-Action

12-04

No-Action Relief from Rescission of Regulation 4.13(a)(4) and Amendments to Regulation 4.5.

Part 4: Registration and Compliance Obligations for CPOs and CTAs; No-Action
12-03

Staff No-Action Relief: Temporary Relief for Clearing Members from the Requirements of Ownership-Level Reporting of § 20.4 of the Commission’s Regulations Regarding Large Swaps Trader Reporting for Physical Commodities.

Part 20: Large Trader Reporting for Physical Commodity Swaps; No-Action
12-02