Sign up for free newsletter

 

Regulation

CFTC grants relief for bespoke or complex swaps


The Commodity Futures Trading Commission’s division of market oversight (DMO) has issued a time-limited no-action letter granting relief for bespoke or complex swaps from certain reporting obligations under Part 43 and Part 45 of the Commission’s regulations.

For bespoke or complex swaps as defined therein, the no-action letter provides that DMO will not recommend an enforcement action against (1) a reporting party for failure to report certain data fields required by Part 43 or (2) a reporting counterparty for failure to report certain data fields required by Part 45.

In addition, for certain bespoke or complex swaps that are uncleared inter-affiliate swaps, the letter provides no-action relief from certain confirmation data reporting obligations under Part 45.

The relief will expire on the earlier of such time that the relevant data elements can be electronically represented in the FpML schema or 30 June 2013.


latestjobs
Advisory & Principal Investing Associate (NYC)

Sun, 07 Feb 2016 00:00:00 GMT

Elite Boutique Investment Banking Asso (Tech M&A)

Sun, 07 Feb 2016 00:00:00 GMT

Investment Banking Analyst (M&A) - Stamford, CT

Sun, 07 Feb 2016 00:00:00 GMT

events
1 week 1 day from now - Dubai
1 week 1 day from now - Cairo
1 week 2 days from now - New York
3 weeks 2 days from now - New York
specialreports
other gfm publications