CFTC’s Division of Market Oversight Issues Time-Limited No-Action Relief for Temporarily Registered Swap Execution Facilities from Commission Regulation 37.6(b) for Non-Cleared Swaps
09/30/2013 04:50 PM EDT
The Commodity Futures Trading Commission’s (CFTC) Division of Market Oversight (Division) issued a letter providing temporarily registered swap execution facilities (SEFs) with relief from the transaction confirmation requirement within CFTC regulation 37.6(b) for swaps that are not intended to be submitted for clearing (Non Cleared Swaps) and subject to conditions specified in the letter.