On June 17, the Commodity Futures Trading Commission’s Division of Market Oversight extended the no-action relief it previously granted to any person or entity offering, entering into, or rendering advice or services with respect to any agreement, contract or transaction in any agricultural, exempt or excluded commodity as set forth in paragraphs (2) through (4) of the CFTC’s Second Amendment to the July 14, 2011 Order. This no-action relief allows a facility currently operating as an exempt commercial market, exempt board of trade or under the provisions of now-repealed sections (2)(d)(2), 2(e) or 2(g) of the Commodity Exchange Act to continue to operate under the no-action relief until October 2, 2013. Such a facility will not be able to rely upon the no-action relief after October 2, 2013, if it has not previously applied for temporary registration as a swap execution facility or has not registered as a designated contract market.

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