The Commodity Futures Trading Commission (CFTC) Wednesday said it would provide temporary relief for non-clearing swap dealers to comply with the agency’s large trader reporting requirements for physical commodity swaps and swaptions.
The temporary relief would provide the non-clearing member swap dealers with time to become fully compliant with the reporting requirements by 60 days after the Commission’s deadline for entities to register as swap dealers.
Parties that plan to take advantage of the relief are required to send an e-mail to the CFTC’s Division of Market Oversight at email@example.com or SwapsLTR@cftc.gov by no later than the swap dealer registration application date.
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