United States:
CFTC Extends No-Action Relief for Futures Commissions Merchants From Requirement To Obtain An Acknowledgement Letter From Certain Depositories
27 October 2014
Shearman & Sterling LLP
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On October 16, 2014, the US Commodity Futures Trading
Commission's ("CFTC") Division of Swap Dealer and
Intermediary Oversight announced the extension of previously
granted no-action relief from compliance with CFTC regulations
requiring futures commissions merchants to obtain acknowledgement
letters from certain depositories. The no-action relief has been
extended until December 31, 2014.
The CFTC no-action letter is available at: http://www.cftc.gov/ucm/groups/public/@lrlettergeneral/documents/letter/14-127.pdf.
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