The Division of Market Oversight of the Commodity Futures Trading Commission has extended no-action relief for swap execution facilities (SEFs) from certain block trade requirements. Specifically, CFTC Letter No. 15-60 extends the relief previously granted to SEFs in CFTC Letter No. 14-118 from the requirement in CFTC Regulation 43.2 that block trades occur away from the SEFs’ trading system or platform. CFTC Letter No. 15-60 extends the relief until November 15, 2016, at 11:59 p.m. (ET).
More information on CFTC Letter No. 14-118 is available in the Corporate & Financial Weekly Digest edition of September 26, 2014.
CFTC Letter No. 15-60 is available here.