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The CFTC's DMO issued a no-action letter extending the current relief and provides additional relief to reporting parties from reporting obligations required by the ownership and control reports final rule.
The CFTC's Division of Market Oversight (DMO) issued a no-action letter extending the current relief
and provides additional relief to reporting parties from reporting
obligations required by the ownership and control reports final
rule (OCR Final Rule). Approved in 2013, the OCR Final Rule
established requirements related to new ownership and control rules
and related forms to enhance its identification of futures and swap
market participants, as well as the electronic submission of trader
identification and market participant data. In response to
compliance difficulties associated with certain OCR reporting
obligations identified by reporting parties and industry groups,
DMO said the substantive relief - which extends the relief
previously provided in April 2016 - will remain in effect until the
earlier of: (a) the later of the applicable effective date or
compliance date of a Commission action, such as a rulemaking or
order, addressing such obligation and (b) Sept. 28, 2020.
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