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On August 13, 2015, CFTC Division of Swap Dealer and Intermediary Oversight, Clearing and Risk, and Market Oversight extended a time-limited no-action relief to swap dealers...
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On August 13, 2015, CFTC Division of Swap Dealer and
Intermediary Oversight, Clearing and Risk, and Market Oversight
extended a time-limited no-action relief to swap dealers registered
with the CFTC that are established under the laws of jurisdictions
other than the United States for certain transaction-level
requirements under the Commodity Exchange Act. Subject to certain
limitations, the relief has now been extended until the earlier of
September 30, 2016 or the effective date of any CFTC action with
respect to applicability of the transaction-level requirements in
certain situations specified in the no-action letter. Press
Release.
No Action Letter.
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CFTC Extends No-Action Relief On The Applicability Of Transaction-Level Requirements For Non-U.S. Swap Dealers
United StatesFinance and Banking
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Orrick is a global law firm focused on serving the technology & innovation, energy & infrastructure and finance sectors. Founded over 150 years ago, Orrick has offices in 25+ markets worldwide. Financial Times selected Orrick as the Most Innovative Law Firm in North America for three years in a row.