ARTICLE
27 October 2014

CFTC Extends No-Action Relief for Futures Commissions Merchants From Requirement To Obtain An Acknowledgement Letter From Certain Depositories

SS
Shearman & Sterling LLP

Contributor

Our success is built on our clients’ success. We have a long and distinguished history of supporting our clients wherever they do business, from major financial centers to emerging and growth markets. We represent many of the world’s leading corporations and major financial institutions, as well as emerging growth companies, governments and state-owned enterprises, often working on ground-breaking, precedent-setting matters. With a deep understanding of our clients' businesses and the industries they operate in, our work is driven by their need for outstanding legal and commercial advice.
The CFTC's Division of Swap Dealer and Intermediary Oversight announced the extension of previously granted no-action relief from compliance with CFTC regulations.
United States Finance and Banking
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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.

The content of this article is intended to provide a general guide to the subject matter. Specialist advice should be sought about your specific circumstances.

ARTICLE
27 October 2014

CFTC Extends No-Action Relief for Futures Commissions Merchants From Requirement To Obtain An Acknowledgement Letter From Certain Depositories

United States Finance and Banking

Contributor

Our success is built on our clients’ success. We have a long and distinguished history of supporting our clients wherever they do business, from major financial centers to emerging and growth markets. We represent many of the world’s leading corporations and major financial institutions, as well as emerging growth companies, governments and state-owned enterprises, often working on ground-breaking, precedent-setting matters. With a deep understanding of our clients' businesses and the industries they operate in, our work is driven by their need for outstanding legal and commercial advice.
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