On September 28, the U.S. Commodity Futures Trading Commission's (the "Commission") Division of Market Oversight issued a no-action letter that provides reporting parties additional time to comply with certain reporting requirements of the ownership and control final rule. The rule requires reporting parties to electronically submit trader identification and market participant data on new and updated forms. These forms allow for better identification of participants in futures and swaps markets. Providing reporting parties with additional time is aimed at improving the reliability and consistency of data provided to the Commission. The no-action letter extends relief to dates ranging from April 27, 2016 to February 13, 2017. Press Release.
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