Post by bot on Jun 27, 2013 18:02:22 GMT -5
Exemptive, No-Action, & Interpretative Letters for CFTC.gov.
The following letter has been added:
13-31; Commission Regulation 23.502; No-Action; July 26, 2013
The Division of Swap Dealer and Intermediary Oversight (DSIO) issued a no-action letter stating that it will not recommend an enforcement action against an SD or MSP that omits certain "Excluded Data Fields" from the portfolio reconciliation process required under Regulation 23.502.
13-32; Commission Regulation 3.3; No-Action; July 26, 2013
The Division of Swap Dealer and Intermediary Oversight issued a no-action letter that provides certain swap dealers (SDs) with limited relief surrounding the requirement that chief compliance officers of such SDs prepare and submit an Annual Report, pursuant to Commission Regulation 3.3. The relief is applicable to all SDs that: (1) are not registrants of the SEC or regulated by a U.S. prudential regulator; and (2) ended their fiscal year on March 31, 2013. The no-action letter enumerates the subjects that must be addressed in the Annual Report of such firms for the fiscal year that ended on March 31, 2013. The letter also provides relief concerning the certification that a chief compliance officer must execute with respect to the Annual Report.
13-33 ; Commission Regulations 23.402, 23.430, 23.431, 23.432, 23.434, 23.440, 23.450, 23.451, 23.504; No-Action; July 26, 2013
The Commodity Futures Trading Commission’s Division of Swap Dealer and Intermediary Oversight issued a no-action letter, applicable to swap dealers and major swap participants, that addresses “Intended-To-Be-Cleared Swaps,” as defined in the letter. The letter provides relief with respect to the swap trading relationship documentation requirement under Commission Regulation § 23.504 and certain external business conduct standards requirements.
13-34; §45.4(b)(2)(ii); No-Action; July 26, 2013
This is a no-action letter extending time-limited relief to Swap Dealers ("SDs") and Major Swap Participants ("MSPs") from the obligation to report valuation data for cleared swaps as required by § 45.4(b)(2)(ii) of the Commission’s regulations. The no-action letter provides that the Division will not recommend that the Commission take enforcement action against an SD or MSP for failure of such SD or MSP to comply with the requirements of regulation 45.4(b)(2)(ii) to report valuation data. The no-action relief applies to: (i) all SDs and MSPs that are reporting counterparties under regulation 45.4(b)(2)(ii), and (ii) all cleared swaps for which the SD or MSP has the obligation to report valuation data under regulation 45.4(b)(2)(ii). The no action relief expires on June 30, 2014.
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The following letter has been added:
13-31; Commission Regulation 23.502; No-Action; July 26, 2013
The Division of Swap Dealer and Intermediary Oversight (DSIO) issued a no-action letter stating that it will not recommend an enforcement action against an SD or MSP that omits certain "Excluded Data Fields" from the portfolio reconciliation process required under Regulation 23.502.
13-32; Commission Regulation 3.3; No-Action; July 26, 2013
The Division of Swap Dealer and Intermediary Oversight issued a no-action letter that provides certain swap dealers (SDs) with limited relief surrounding the requirement that chief compliance officers of such SDs prepare and submit an Annual Report, pursuant to Commission Regulation 3.3. The relief is applicable to all SDs that: (1) are not registrants of the SEC or regulated by a U.S. prudential regulator; and (2) ended their fiscal year on March 31, 2013. The no-action letter enumerates the subjects that must be addressed in the Annual Report of such firms for the fiscal year that ended on March 31, 2013. The letter also provides relief concerning the certification that a chief compliance officer must execute with respect to the Annual Report.
13-33 ; Commission Regulations 23.402, 23.430, 23.431, 23.432, 23.434, 23.440, 23.450, 23.451, 23.504; No-Action; July 26, 2013
The Commodity Futures Trading Commission’s Division of Swap Dealer and Intermediary Oversight issued a no-action letter, applicable to swap dealers and major swap participants, that addresses “Intended-To-Be-Cleared Swaps,” as defined in the letter. The letter provides relief with respect to the swap trading relationship documentation requirement under Commission Regulation § 23.504 and certain external business conduct standards requirements.
13-34; §45.4(b)(2)(ii); No-Action; July 26, 2013
This is a no-action letter extending time-limited relief to Swap Dealers ("SDs") and Major Swap Participants ("MSPs") from the obligation to report valuation data for cleared swaps as required by § 45.4(b)(2)(ii) of the Commission’s regulations. The no-action letter provides that the Division will not recommend that the Commission take enforcement action against an SD or MSP for failure of such SD or MSP to comply with the requirements of regulation 45.4(b)(2)(ii) to report valuation data. The no-action relief applies to: (i) all SDs and MSPs that are reporting counterparties under regulation 45.4(b)(2)(ii), and (ii) all cleared swaps for which the SD or MSP has the obligation to report valuation data under regulation 45.4(b)(2)(ii). The no action relief expires on June 30, 2014.
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