CFTC Further Extends Valuation Data Reporting Relief for SDs and MSPs

Katten Muchin Rosenman LLP
Contact

The Commodity Futures Trading Commission’s Division of Market Oversight (DMO) has further extended no-action relief from the valuation data reporting requirements for cleared swaps under CFTC Regulation 45.4(b)(2)(ii). Specifically, swap dealers (SDs) and major swap participants (MSPs) that are reporting counterparties to a cleared swap are not required to report valuation data to the relevant swap data repository.

However, derivatives clearing organizations must continue to report daily valuation data for those cleared swaps in accordance with CFTC Regulation 45.4(b)(2)(i).

This no-action relief, which is set to expire on June 30, 2016, is a continuation of relief that initially was granted in December 2012. DMO indicated that it was extending this relief pending “a more permanent resolution for issues related to valuation data reporting.”

CFTC Letter No. 15-38 is available here.

DISCLAIMER: Because of the generality of this update, the information provided herein may not be applicable in all situations and should not be acted upon without specific legal advice based on particular situations.

© Katten Muchin Rosenman LLP | Attorney Advertising

Written by:

Katten Muchin Rosenman LLP
Contact
more
less

PUBLISH YOUR CONTENT ON JD SUPRA NOW

  • Increased visibility
  • Actionable analytics
  • Ongoing guidance

Katten Muchin Rosenman LLP on:

Reporters on Deadline

"My best business intelligence, in one easy email…"

Your first step to building a free, personalized, morning email brief covering pertinent authors and topics on JD Supra:
*By using the service, you signify your acceptance of JD Supra's Privacy Policy.
Custom Email Digest
- hide
- hide