Staff of the Commodity Futures Trading Commission’s Division of Swap Dealer and Intermediary Oversight granted no-action relief to futures commission merchants, swap dealers and major swap participants to file their annual compliance reports with it by 90, not 60, days following the end of their fiscal year. In addition, for FCMs, the chief compliance officer annual reports do not have to be filed contemporaneously with the filing of the firm’s annual financial report (on Form 1-FR-FCM or through the FOCUS report) as otherwise required by applicable regulation. Staff of the Division had previously granted time-limited relief along the same lines of this new no-action letter for FCMs, SDs and MSPs with fiscal years that ended prior to January 31, 2015. (Click here for details in the article, “In Time for Christmas, CFTC Staff Gives FCMs, SDs and MSPs Gift of Time Extension to File CCO Annual Report; However, Adds Content Requirements As the Price” in the January 2, 2015 edition of Between Bridges.) The relief granted by this new no-action letter remains in effect until the CFTC adopts a new rule amending current regulatory requirements.