On June 7th, the CFTC's Division of Clearing and Risk issued an Advisory notifying market participants that the effective date of the final rule adopting the "Clearing Exemption for Swaps Between Certain Affiliated Entities" has been automatically extended to June 18, 2013. The Advisory also notifies market participants that the new effective date of June 18, 2013 also applies to the "implementation" provision of the final rule. This provision states that the clearing requirement under Section 2(h)(1)(A) of the Commodity Exchange Act and Part 50 of the Commission's regulations shall not apply to a swap executed between affiliated counterparties that have the status of eligible affiliated counterparties as defined in Section 50.52(a), and elect not to clear such swap until the effective date of the final rule. CFTC Press Release.