The CFTC's Division of Market Oversight (DMO) issued a no-action letter extending the current relief and provides additional relief to reporting parties from reporting obligations required by the ownership and control reports final rule (OCR Final Rule). Approved in 2013, the OCR Final Rule established requirements related to new ownership and control rules and related forms to enhance its identification of futures and swap market participants, as well as the electronic submission of trader identification and market participant data. In response to compliance difficulties associated with certain OCR reporting obligations identified by reporting parties and industry groups, DMO said the substantive relief - which extends the relief previously provided in April 2016 - will remain in effect until the earlier of: (a) the later of the applicable effective date or compliance date of a Commission action, such as a rulemaking or order, addressing such obligation and (b) Sept. 28, 2020.
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