On October 16, 2014, the US Commodity Futures Trading Commission’s (“CFTC”) Division of Swap Dealer and Intermediary Oversight announced the extension of previously granted no-action relief from compliance with CFTC regulations requiring futures commissions merchants to obtain acknowledgement letters from certain depositories. The no-action relief has been extended until December 31, 2014.

The CFTC no-action letter is available at:

http://www.cftc.gov/ucm/groups/public/@lrlettergeneral/documents/letter/14-127.pdf.