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Subject to the limitations laid out, the relief is effective until the earlier of September 30, 2016 or the effective date of any CFTC action with respect to relief for non-US swap dealers from certain transaction- level requirements.
On August 13, 2015, the Commodity Futures Trading Commission
issued a time-limited no-action letter, again extending relief to
non-US swap dealers registered with the CFTC from certain
transaction-level requirements under the Commodity Exchange Act.
This extension builds on similar relief previously granted by the
CFTC in 2014 and provides that the CFTC will not take an
enforcement action against non-US swap dealers for failure to
comply with the specified transaction-level requirements. Subject
to the limitations laid out, the relief is effective until the
earlier of September 30, 2016 or the effective date of any CFTC
action with respect to relief for non-US swap dealers from certain
transaction- level requirements.
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guide to the subject matter. Specialist advice should be sought
about your specific circumstances.
