CFTC of the United States issues a non-enforcement letter regarding event contract data reporting

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ME News message: On May 14 (UTC+8), the Market Oversight Division and the Division of Clearing and Risk of the U.S. Commodity Futures Trading Commission (CFTC) issued a no-action letter stating that they will not recommend enforcement action against designated contract markets, derivatives clearing organizations, and their participants for failure to comply with swap-related recordkeeping requirements, or for failure to report data related to full-collateral event contract trades to swap data repositories. This position responds to requests from multiple listed and clearing event contract designated contract markets and derivatives clearing organizations. The relevant departments plan to streamline the approval process through this measure and ensure uniform treatment of market participants. All beneficiaries of previous no-action letters regarding similar contract data reporting continue to apply. Entities that list or clear similar contracts are encouraged to apply for the same no-action stance; upon approval, they will be added to the appendix of the no-action letter. (Source: PANews)

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