The CFTC's Division of Swap Dealer and Intermediary Oversight on June 25, 2014, issued a letter extending no-action relief to FCMs until October 31, 2014 for compliance with certain conditions related to an FCM's receipt and recording of customer funds required under CFTC Regulations 1.20, 22.2 and 30.7. The relief was set to expire on June 30, 2014.   Among other things, the customer fund protection measures prohibit an FCM from commingling funds received to meet margin requirements for futures transactions on a DCM with funds to meet margin requirements for the trading of foreign futures as well as funds deposited for the purposes of swap transactions. Relief was extended due to FCMs’ current operational challenges in meeting the requirements of the rules.