CFTC Announces Further Extension of Time-Limited No Action Relief

On October 14, the U.S. Commodity Futures Trading Commission’s (“CFTC”) Division of Market Oversight (the “Division”) announced further extension of the time-limited no action relief for swaps executed as part of a package transaction in the categories currently receiving relief under CFTC Letter No. 14-137.  The extension of time-limited relief is meant to enable the Division to continue to assess the appropriate response for applying the trade execution requirement to swaps in certain package transactions.  Press Release.