The Commodity Futures Trading Commission’s Division of Clearing and Risk (DCR) has granted time-limited no-action relief stating that it will not recommend that the CFTC take enforcement action against (i) LCH.Clearnet Ltd. (LCH) for clearing swaps executed on designated contract markets or swap execution facilities (DCM/SEF Swaps) and (ii) current and future clearing members of LCH for clearing DCM/SEF Swaps through LCH. This relief is limited to the classes of swaps that LCH currently accepts for clearing and will expire upon the earlier of March 31, 2014, or the date on which the CFTC approves or denies LCH’s application for an amended registration order authorizing LCH to clear DCM/SEF Swaps.

CFTC Letter No. 13-52 is available here.