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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><span> This approach facilitates the efficient use of cleared swaps and furthers our mandate to recognize comparable, comprehensive supervision and regulation of derivatives market infrastructure providers in other countries.</span></p> ....

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Statement Of CFTC Commissioner Summer K. Mersinger Regarding CFTC Open Meeting On November 10, 2022

<p><span>Thank you to the Chairman for calling today’s open meeting, my fellow commissioners for their engagement, and the staff of the Commodity Futures Trading Commission (CFTC or Commission) for their hard work and dedication in preparing the items that we are considering today.</span></p> ....

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