Guidance

Form TO guidance. The Division of Market Oversight reissued its guidance regarding the Trade Option Form filing process and the circumstances that trigger the filing requirement. (2/28/2014) CFTC press release.

Staff advisory. The Division of Swap Dealer and Intermediary Oversight issued an advisory outlining best practices for compliance with CFTC regulations concerning security safeguards for customers. (2/26/2014) CFTC press release.

Duplicative reporting. The Division of Clearing and Risk issued guidance to ASX Clear (Futures) Pty Limited (ASXCLF) regarding compliance with the condition to the no-action relief granted by the Division on February 6, 2014, that ASXCLF comply with the reporting obligations applicable to registered derivatives clearing organizations under the CFTC’s Part 45 regulations. (2/18/2014) CFTC Letter No. 14-17.

Regulatory Relief

Southwest Power Pool. The Divisions of Clearing and Risk, Market Oversight, and Swap Dealer and Intermediary Oversight issued time-limited no-action relief to Southwest Power Pool. The letter provides relief to Southwest Power Pool, its members and those market participants who meet the appropriate persons requirement under the Regional Transmission Organization and Independent System Operator order and permits this market and these market participants to continue to operate while the CFTC considers Southwest Power Pool’s petition. (2/20/2014) CFTC press release. DMO and DCR also issued an advisory which provides clarity to certain market participants regarding certain statements made in the Final Order in Response to a Petition from Certain Independent system Operators and Regional Transmission Organizations to Exempt Specified Transactions Authorized by a Tariff or Protocol Approved by the Federal Energy Regulatory Commission or the Public Utility Commission of Texas from Certain Provisions of the Commodity Exchange Act Pursuant to the Authority Provided in the Act. (2/25/2014) Advisory.

CPO relief. The Division of Swap Dealer and Intermediary Oversight provided a commodity pool operator with relief from the requirement in Regulations 4.7(b)(3) and 4.22(d)(1) that the financial statements in the pool’s annual report be audited. (2/19/2014) CFTC Letter No. 14-19.