On October 14, the U.S. Commodity Futures Trading Commission's ("CFTC") Division of Market Oversight (the "Division") announced further extension of the time-limited no action relief for swaps executed as part of a package transaction in the categories currently receiving relief under CFTC Letter No. 14-137. The extension of time-limited relief is meant to enable the Division to continue to assess the appropriate response for applying the trade execution requirement to swaps in certain package transactions. Press Release.
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