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ARTICLE · 15 MARCH 2016

CFTC Extends Letter 13-41 No-Action Relief

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On January 15 2016 the Commodity Futures Trading Commission (CFTC) Division of Market Oversight extended no-action relief originally provided in CFTC Letter 13-41, which was issued on June 28 2013.

United StatesFinance and Banking
Donna Parisi
Donna Parisi
Azam Aziz
Azam Aziz
Geoffrey Goldman
Geoffrey Goldman
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On January 15 2016 the Commodity Futures Trading Commission (CFTC) Division of Market Oversight extended no-action relief originally provided in CFTC Letter 13-41, which was issued on June 28 2013.

In relation to required reports in light of privacy, secrecy and blocking laws in certain jurisdictions, CFTC Letter 13-41 permits:

  • Part 45 and Part 46 reporting counterparties to mask legal entity identifiers and certain other enumerated identifiers and identifying terms; and
  • Part 20 reporting entities to mask identifying information.

The CFTC previously extended this relief through CFTC Letter 15-01 and is now further extending relief, subject to certain conditions, until the earlier of March 1 2017 or the date on which the reporting party no longer holds the requisite reasonable belief that privacy law bars reporting.

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