United States:
CFTC Extends No Action Relief
03 February 2017
Shearman & Sterling LLP
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On November 28 2016 the Commodity Futures Trading Commission
(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 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 16-81 extends temporary relief from the trade execution
requirement to certain affiliate counterparties.
The content of this article is intended to provide a general
guide to the subject matter. Specialist advice should be sought
about your specific circumstances.
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