CFTC’s Division of Swap Dealer and Intermediary Oversight Issues No-Action Letter Providing Relief for Swap Dealers in Connection with Foreign Exchange Intermediated Prime Brokerage Arrangements
06/27/2013 07:36 PM EDT
The Commodity Futures Trading Commission’s (CFTC) Division of Swap Dealer and Intermediary Oversight (DSIO) today issued a time-limited no-action letter that provides swap dealers with relief from certain External Business Conduct Standards rules in the context of foreign exchange intermediated prime brokerage arrangements.