block trade

CFTC Extends No-Action Relief for Swap Execution Facilities from Certain “Block Trade” Requirements

On October 7, 2016, the U.S. Commodity Futures Trading Commission (“CFTC“) Division of Market Oversight extended time-limited no-action relief for swap execution facilities from the “occurs away” requirement from the definition of “block trade” under CFTC Regulation Section 43.2. Relief is extended until November 15, 2017. Press Release. No Action Letter.