CFTC’s Division Of Swap Dealer And Intermediary Oversight Issues Time-Limited No-Action Relief From Portfolio Reconciliation Requirements

The Commodity Futures Trading Commission’s Division of Swap Dealer and Intermediary Oversight (DSIO) announced the issuance of a no-action letter relating to the portfolio reconciliation requirements imposed on swap dealers (“SDs”) and major swap participants (“MSPs”) pursuant to Commission regulation § 23.502.

The letter grants relief to all SDs and MSPs from the portfolio reconciliation requirements of Regulation 23.502 until August 23, 2013.