A&O Shearman was formed in 2024 via the merger of two historic firms, Allen & Overy and Shearman & Sterling. With nearly 4,000 lawyers globally, we are equally fluent in English law, U.S. law and the laws of the world’s most dynamic markets.
This combination creates a new kind of law firm, one built to achieve unparalleled outcomes for our clients on their most complex, multijurisdictional matters – everywhere in the world. A firm that advises at the forefront of the forces changing the current of global business and that is unrivalled in its global strength.
Our clients benefit from the collective experience of teams who work with many of the world’s most influential companies and institutions, and have a history of precedent-setting innovations.
Together our lawyers advise more than a third of NYSE-listed businesses, a fifth of the NASDAQ and a notable proportion of the London Stock Exchange, the Euronext, Euronext Paris and the Tokyo and Hong Kong Stock Exchanges.
On November 20, 2017, the Commodity Futures Trading Commission Division of Market Oversight issued no-action relief to Swap Execution Facilities and their chief compliance officers from certain...
On November 20, 2017, the Commodity Futures Trading Commission
Division of Market Oversight issued no-action relief to Swap
Execution Facilities and their chief compliance officers from
certain timing requirements regarding annual compliance reports and
fourth quarter financial reports. SEF CCOs are required to file the
compliance report with the CFTC no later than 60 calendar days
after the end of the SEF's fiscal year, and a SEF must
concurrently file its fourth quarter financial report with the CFTC
within that same time frame. Multiple SEFs have cited difficulty
complying with CFTC time constraints. The relief provides SEFs and
their CCOs an additional 30 calendar days to concurrently file the
compliance report and fourth quarter financial report with the
CFTC, such that the reports will now be due no later than 90
calendar days after the end of the SEF's fiscal year.
The relief, issued under CFTC staff letter 17-61, is set to
expire November 30, 2020.
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