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CFTC Staff Grants Brexit-Related No-Action Relief To Swap Dealers - Finance and Banking


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The CFTC Market Participants Division ( MPD ), the
Division of Clearing and Risk, the Division of Data and the
Division of Market Oversight (collectively, the
Divisions ) granted CFTC-registered swap dealers
( SDs ) no-action relief from certain transaction-level
requirements in an effort to maintain the regulatory status quo
following the UK s exit from the European Union.
In CFTC Letter 21-09, the CFTC staff stated that it
will not recommend enforcement action against any U.S. SD person
for failure to comply with Category A transaction-level
requirements ( Category A TLRs ) in a swap between a ....

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