On October 31st, the CFTC’s Division of Clearing and Risk issued a no-action letter delaying to November 13, 2012, the compliance date for the Commission’s Part 22 rules, which set forth statutory collateral segregation requirements. The temporary delay is made in light of the damage caused by Hurricane Sandy, and the necessity for futures commission merchants, many of whose operational personnel are focused on business continuity/disaster recovery efforts, to finalize testing for compliance with these regulations. On November 1st, the Division issued an interpretation regarding Part 22. The interpretation, in question and answer format, provides clarification regarding operational issues arising during preparation for the implementation of Part 22. CFTC Press Release.