CFTC Staff Issues No-Action Relief Regarding CCO Annual Report Timing Requirement

On March 27, CFTC Division of Swap Dealer and Intermediary Oversight announced that it is providing no-action relief to futures commission merchants, swap dealers and major swap participants from their obligation under Regulation 3.3(f)(2) to provide annual reports by their Chief Compliance Officers not more than 60 days after the end of their fiscal year.  The no-action letter grants an additional 30 days to provide the annual reports to the CFTC.  Press ReleaseNo-Action Relief.