ARTICLE
9 January 2017

US Commodity Futures Trading Commission Extends No-Action Relief

SS
Shearman & Sterling LLP

Contributor

Our success is built on our clients’ success. We have a long and distinguished history of supporting our clients wherever they do business, from major financial centers to emerging and growth markets. We represent many of the world’s leading corporations and major financial institutions, as well as emerging growth companies, governments and state-owned enterprises, often working on ground-breaking, precedent-setting matters. With a deep understanding of our clients' businesses and the industries they operate in, our work is driven by their need for outstanding legal and commercial advice.
On November 28, 2016, the CFTC extended the relief granted under No-Action Letters 15-62 and 15-63 until December 31, 2017.
United States Finance and Banking
To print this article, all you need is to be registered or login on Mondaq.com.

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

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.

See More Popular Content From

Mondaq uses cookies on this website. By using our website you agree to our use of cookies as set out in our Privacy Policy.

Learn More