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The CFTC announced the issuance of conditional relief for swap execution facilities from compliance with certain data reporting and recordkeeping requirements.
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On August 19, 2014, the US Commodity Futures Trading
Commission's ("CFTC") Division of Market Oversight
announced the issuance of time-limited, conditional no-action
relief for swap execution facilities ("SEFs") from
compliance with certain data reporting and recordkeeping
requirements for confirmations required for uncleared swap
transactions executed on or pursuant to the rules of a SEF under
CFTC regulation 37.6(b). As a condition to the no-action relief,
SEFs must make copies of certain agreements available to CFTC staff
on request, within a reasonable period of time.
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