Packaged Transaction Relief

Chairman Massad remarked today at FIA’s Expo 2014 that further no-action relief for packaged transactions is forthcoming. He states: "I also wish to announce that CFTC Staff have recommended extending…

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EU Equivalence

Yesterday, the European Commission adopted equivalence decisions for CCP regulatory regimes in Australia, Hong Kong, Japan and Singapore but not the US.  See here for the press release. The provisional…

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Recent International Regulatory Activity

On October 1, ESMA released a consultation on clearing obligations for FX NDFs (comments due November 6, 2014.)   On September 29, ESMA released a draft consultation on derivatives definitions…

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CFTC No-Action Relief – New Trade, Old Terms

Yesterday, the CFTC Divisions of Market Oversight and Clearing and Risk (Divisions) issued No-Action Letter 14-121, which extends the time-limited, conditional relief that would have expired today, September 30, 2014…

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