The Commodity Futures Trading Commission’s Division of Market Oversight recently issued a press release to remind all participants in CFTC-regulated derivatives markets that certain time-limited no-action relief from compliance with certain provisions of the Ownership and Control Report (OCR) final rule expires on November 18. Specifically, the relief granted in CFTC Letter No. 16-32 from the electronic submission requirements for Forms 40/40S and 71 expires. However, staff noted that reporting obligations for Forms 40/40S and 71 are triggered only if a market participant receives a request from the CFTC staff. Therefore, market participants have no immediate obligations with respect to these provisions of the rule.
To see the press release, click here.
To see the Corporate & Financial Weekly Digest edition from April 15 on CFTC Letter No. 16-32, click here.