On November 21, the Commodity Futures Trading Commission Division of Market Oversight extended time-limited relief for certain registered swap dealers (SDs) and major swap participants (MSPs) from the swap data reporting rules set forth in Part 45 and Part 46 of the CFTC’s regulations. The relief is available to non-US SDs and non-US MSPs established in Australia, Canada, the European Union, Japan or Switzerland that are not a part of an affiliated group with a US parent entity that is an SD, MSP, bank, financial holding company or bank holding company.

The relief will expire on the earlier of 1) December 1, 2017; or 2) 30 days following the CFTC’s issuance of a comparability determination regarding the swap data reporting rules for the jurisdiction in which the non-US SD or non-US MSP is established.

CFTC Staff Letter 16-79 is available here.