On October 31, 2014, the U.S. Commodity Futures Trading Commission (“CFTC”) issued an extension of the previously-issued, time-limited, no-action relief to the Futures Industry Association and its member Futures Commission Merchants (“FCMs”). The no-action relief relates to the simultaneous recording of book entry credits upon the receipt of customer funds via a wire transfer by an FCM.

CFTC Staff Letter 14-131 is available at: http://www.cftc.gov/ucm/groups/public/@lrlettergeneral/documents/letter/14-131.pdf.