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ARTICLE · 09 JANUARY 2017

US Commodity Futures Trading Commission Extends No-Action Relief

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On November 28, 2016, the CFTC extended the relief granted under No-Action Letters 15-62 and 15-63 until December 31, 2017.

United StatesFinance and Banking
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On November 28, 2016, the CFTC extended the relief granted under No-Action Letters 15-62 and 15-63 until December 31, 2017. The extended no-action relief in CFTC Letter No. 16-80 exempts inter-affiliate swaps from the trade execution requirement under section 2(h)(8) of the Commodity Exchange Act, subject to certain requirements. In addition, CFTC Letter No. 16-81 extends temporary relief from the trade execution requirement to certain affiliate counterparties.

The text of CFTC Letter No. 16-80 is available at: http://www.cftc.gov/idc/groups/public/@lrlettergeneral/documents/letter/16-80.pdf ; and the text of CFTC Letter No. 16-81 is available at: http://www.cftc.gov/idc/groups/public/@lrlettergeneral/documents/letter/16-81.pdf

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