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During the first three years of the Obama Administration, 106 new major federal regulations added more than $46 billion per year in new costs for Americans. This will create unsustainable regulatory burdens on entrepreneurs.
The CFTC issued an extension of no-action relief with respect to the treatment of separate accounts by futures commission merchants FCMs, CFTC issued revised no-action letters regarding the financial industry's transition away from LIBOR and reporting requirements.
To print this article, all you need is to be registered or login on Mondaq.com. The CFTC Division of Data, Division of Market Oversight and Division of Clearing and Risk (collectively, the "Divisions") granted conditional no-action relief from certain swap reporting and recordkeeping requirements for fully collateralized "binary options" transactions executed by KalshiEX LLC ("Kalshi"), a designated contract market, and cleared by LedgerX, LLC ("LedgerX"), a derivatives clearing organization. (A "binary option" is an option on an event in which the purchaser of the o...