The CFTC's Division of Market Oversight announced time-limited no-action relief to DCOs and reporting entities for certain swaps reporting obligations amended by a CFTC Final Rule published on June 27. The action relieves DCOs of their obligations to report original swap terminations as required by the Cleared Swap Rule for up to six months, or until DCOs can sufficiently test required changes to their reporting systems. It also relieves all swaps reporting entities of obligations to report new primary economic terms data fields added by the Cleared Swap Rule for up to three months or upon the acceptance of such data fields by swap data repositories.
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