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ARTICLE · 22 JANUARY 2021

CFTC Staff Extends COVID-19-Related No-Action Relief

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The CFTC Market Participants Division ("MPD") and the Division of Market Oversight ("DMO") extended through March 31, 2021 previously issued COVID-19 related no-action relief to floor brokers.

United StatesFinance and Banking
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The CFTC Market Participants Division ("MPD") and the Division of Market Oversight ("DMO") extended through March 31, 2021 previously issued COVID-19 related no-action relief to floor brokers ("FBs") or introducing brokers ("IBs") registered with CME Group Inc. ("CME"), ICE Futures U.S. ("IFUS") and the Minneapolis Grain Exchange, LLC ("MGEX") from oral recordkeeping requirements and, to those designated contract markets ("DCMs"), from audit trail requirements.

CFTC Letter 21-04 extends aspects of the relief provided under CFTC Letters 20-26, 20-19, 20-09, 20-04 and 20-03 (see previous coverage).

The MPD stated that it will not recommend enforcement action against any FB or IB for failure to comply with CFTC Rule 1.35 ("Records of Commodity Interest and Related Cash or Forward Transactions"), provided that the FB or IB:

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