Statement Of CFTC Commissioner Summer K. Mersinger On Revision And Extension Of Staff No-Action Positions For Swaps Intended To Be Cleared
<p><span>I support the revised and extended staff no-action relief regarding swaps intended to be cleared (“No-Action Relief”). This expanded No-Action Relief appropriately recognizes the developments in the cleared swaps market in the decade following the issuance of the existing no-action positions in 2013, including the Commission’s issuance of exemptions from registration to certain non-US clearing organizations and swap execution facilities as provided for in the Commodity Exchange Act (“CEA”).</span>&l...
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