CFTC Extends No-Action Relief for Swaps Executed as Part of Certain Package Transactions

By Athena EastwoodAndrew GreenbergNeal Kumar and Michael Selig

On October 14, 2015, the Division of Market Oversight (“DMO”) for the U.S. Commodity Futures Trading Commission (“CFTC”) issued an additional extension of no-action relief for swaps executed as part of “package” transactions.  This relief provides additional time for the CFTC to resolve lingering market infrastructure challenges associated with limited execution methods for swaps subject to mandatory trade execution by permitting counterparties to execute package transactions using additional methods of execution through November 15, 2016.  read more

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