Rule Enforcement Program Fees
Rule Enforcement Program Fees. On October 17th, the Commodity Futures Trading Commission (“CFTC”) published the fees designated contract markets and registered futures associations must pay to the CFTC for the agency’s oversight of self-regulatory organization rule enforcement programs. The fees must be paid on or before December 16, 2014. 79 FR 62418.
CFTC Extends Time for FCM Submission of Acknowledgement Letters
CFTC Extends Time for FCM Submission of Acknowledgement Letters. On October 16th, the CFTC’s Division of Swap Dealer and Intermediary Oversight (the “DISO”) extended to December 31, 2014, its previously announced relief giving futures commission merchants additional time to comply with Commission regulations requiring Futures Commission Merchants to obtain acknowledgement letters from certain depositories. CFTC Letter No. 14-127. CFTC Press Release.
Cross-Border Optimism. On October 16th, the Wall Street Journal summarized the remarks of CFTC Chair Timothy Massad. Massad took an optimistic view concerning the likely harmonization of cross-border derivatives rules. Optimism.
Self-Executing Registration No-Action Relief for Delegating CPOs
Self-Executing Registration No-Action Relief for Delegating CPOs. On October 15th, DISO announced it is providing self-executing registration no-action relief for certain commodity pool operators who delegate certain activities to a registered CPO and meet the conditions specified. The relief made available in CFTC Letter No. 14- 126 replaces the registration no-action position DSIO previously made available in CFTC Letter No. 14-69. CFTC Press Release.