CFTC Temporary No-Action Relief for Transition to SEF Rules

On June 17, the CFTC Division of Market Oversight issued a no-action letter providing temporary relief to entities that have been operating pre-Dodd-Frank Act trading platforms.  The no-action letter extends relief provided by a letter issued in December 2012 to coincide with the compliance date for the CFTC’s Swap Execution Facility final rules, which were published on June 4.  The continued no-action relief will commence on July 1 and expire on October 2.  CFTC ReleaseCFTC No-Action Letter.