Staff of the Commodity Futures Trading Commission extended through June 15, 2017, prior no-action relief that permits swap execution facilities and designated contract markets to correct clerical or operational errors that cause a swap to be rejected for clearing. The current relief was scheduled to expire on June 15, 2016. (Click here for background in the article, “SEFs Provided Guidance by CFTC Staff on Projecting Operating Costs; SEFs and DCMs Given Relief Regarding the Handling of Erroneous Swaps Trades; and SEFs, for Swaps Trade Confirmations Too” in the Bridging the Week edition of April 26, 2015.)