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ARTICLE · 28 MARCH 2020

CFTC Issues No-Action Relief To Address COVID-19

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On March 17, 2020, the Commodity Futures Trading Commission ("CFTC") issued a series of no-action letters designed to provide regulated entities with relief from certain obligations in response to the growth of COVID-19.

United StatesFinance and Banking
Stephen Obie
Stephen Obie
Lauri W. Sawyer
Lauri W. Sawyer
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On March 17, 2020, the Commodity Futures Trading Commission ("CFTC") issued a series of no-action letters designed to provide regulated entities with relief from certain obligations in response to the growth of COVID-19. Specifically, the Division of Swap Dealer and Intermediary Oversight ("DSIO") issued five no-action letters providing relief to futures commission merchants, introducing brokers, swap dealers, retail foreign exchange dealers, floor brokers, and other market participants (collectively, "DSIO Regulated Entities"). See CFTC Staff Letters 20-02, 20-03, 20-04, 20-05, 20-06. Simultaneously, the Division of Market Oversight ("DMO") issued three no-action letters providing similar relief to swap execution facilities and certain designated contract markets. See CFTC Staff Letters 20-07, 20-08 and 20-09.

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