The Division of Swap Dealer and Intermediary Oversight (DSIO) of the Commodity Futures Trading Commission has issued permanent no-action relief from the filing deadline for chief compliance officer (CCO) annual reports. Pursuant to CFTC regulations, the CCO of a registered futures commission merchant (FCM), swap dealer or major swap participant must file an annual report with the CFTC within 60 days after the end of the registrant’s fiscal year.
DSIO has in the past extended the 60-day deadline through the issuance of temporary no-action relief. In CFTC Letter No. 15-15, DSIO has granted permanent no-action relief from the 60-day requirement so long as the CCO files the annual report within 90 days after the end of the registrant’s fiscal year. DSIO also has granted relief from the requirement that the CCO of an FCM furnish the annual report simultaneously with the Form 1-FR-FCM or the FOCUS Report; the 60-day deadline for the filing of those documents remains unchanged.
CFTC Letter No. 15-15 is available here.