On November 20th, the CFTC's Division of Swap Dealer and Intermediary Oversight and Division of Market Oversight jointly issued a letter providing swap dealers with time-limited no-action relief from certain requirements of the CFTC's swap data reporting rules. The no-action letter establishes a common monthly date by which all newly registered swap dealers must be in compliance with their reporting obligations under the rules, including the reporting of historical swap transaction data. The compliance deadline for the swap data reporting rules is the earlier of: (1) 12:01 a.m. eastern time on the swap dealer registration deadline applicable to that swap dealer, notwithstanding that the swap dealer may have applied to register as a swap dealer before its applicable swap dealer registration deadline, or (2) 12:01 a.m. eastern time on April 10, 2013. CFTC Press Release.