Regulatory Relief

Registration relief. Time-limited no-action relief previously granted to Eurex Clearing AG by the Division of Clearing and Risk has been extended. (3/10/2014) CFTC press release. 

Affiliated counterparties relief. The Divisions of Clearing and Risk and Market Oversight have extended to December 31, 2014, time-limited no-action relief previously granted to certain affiliated counterparties. (3/6/2014) CFTC press release. 

Other Developments

Amendments to swap reporting rules to be proposed. According to Reuters, the CFTC plans to publish new trade reporting rules for swaps. (3/13/2014) Swaps reporting. 

Make available-to-trade determination. Bloomberg SEF LLC’s self-certification of available-to-trade determinations for certain interest rate swap and credit default swap contracts have been self-certified. (3/10/2014) CFTC press release. 

Agencies implement information sharing agreement. The CFTC and the Federal Energy Regulatory Commission made the first inter-agency transmission of market data under their recently adopted Memorandum of Understanding. (3/5/2014) CFTC press release. 

End-users roundtable. On April 3, 2014, the CFTC will host a roundtable discussion on issues concerning end-users. Three panel discussions will be held to address the reporting obligations of commodity end-users; the regulatory treatment of forward contracts with embedded volumetric optionality; and the de minimis threshold for swap dealing to government-owned electric utilities. (3/5/2014) CFTC press release.