CFTC No-Action Letter on Reporting

On March 22, the CFTC issued a letter to market participants providing temporary and conditional no-action relief for less than fully compliant reporting under the CFTC’s large trader reporting system for physical commodity swaps and swaptions.  This relief is intended to give sufficient time for the industry and the CFTC to have fully compliant reporting by July 2.  CFTC Release.