CFTC’s Division Of Swap Dealer And Intermediary Oversight Provides Additional Time To Secure No-Action Relief By Persons Engaging In Floor Trader Activities, For Purposes Of Making Calculations Under The Swap Dealer Definition

The Commodity Futures Trading Commission’s (CFTC) Division of Swap Dealer and Intermediary Oversight (DSIO) today announced that additional time would be provided to persons seeking to rely upon a recently-issued no-action letter.

On Thursday, June 27, 2013, DSIO issued CFTC Letter No. 13-37, which provided time-limited no-action relief for persons engaging in floor trader activities. To rely on the relief provided in the no-action letter, a person was required to file a claim with DSIO prior to July 1, 2013.

Today, DSIO announced that, in order for a person to rely upon the relief, the person must file a claim prior to the close of business on Friday, July 5, 2013. Claims for relief must be filed with the Division using the email address dsionoaction@cftc.gov, subject to the specific instructions set forth in CFTC Letter No. 13-37.