The Commodity Futures Trading Commission extended until February 16, 2015, the expiration of previously granted no-action relief related to certain straight-through processing requirements for so-called “package transactions” for swap execution facilities and designated contract markets (a package transaction is a multi-legged interrelated transaction with at least one leg being a swap subject to mandatory trading on a SEF or DCM). The CFTC likewise extended to September 30, 2015, the expiration of a prior no-action letter temporarily excusing DCOs from having to register as SEFs because a clearing member may occasionally enter into a credit default swap through the DCO’s settlement price process, as well as temporarily exempting clearing members from certain related potential obligations. (Click here to see the article “CFTC Extends Relief for SEFs and DCMs from Straight-Through Processing Requirements for Package Transactions” and here to see the article “CFTC Extends Relief to DCOs and Their Clearing Members From Requirements for CDS Clearing-Related Swaps” in Katten Muchin Rosenman’s Corporate and Financial Weekly Digest edition of October 3, 2014.)