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.


Subscribe to free daily newsletter
more comment

China: Reform story still intact

Mon, 03/Aug/2015 - 13:38

China: Reform story still intact

Mon, 03/Aug/2015 - 13:38

Market focus shifts to the ‘Fed’

Thu, 30/Jul/2015 - 17:35

Market focus shifts to the ‘Fed’

Thu, 30/Jul/2015 - 17:35

UK growth rebounds in Q2

Tue, 28/Jul/2015 - 13:57

latestjobs
VP/Director Project Manager-Investment Bank

Mon, 03 Aug 2015 00:00:00 GMT

Single Stock Options Trader - Buy Side

Mon, 03 Aug 2015 00:00:00 GMT

VP Javascript Developer

Mon, 03 Aug 2015 00:00:00 GMT

events
2 weeks 5 days from now - New York
3 weeks 6 days from now - Texas
5 weeks 18 hours from now - New York
5 weeks 1 day from now - New York
specialreports