CFTC Issues No-Action Relief for Coops
Posted on Nov 29, 2012 in Regulation & Policy | Comments Off on CFTC Issues No-Action Relief for Coops
The Commodity Futures Trading Commission’s Division of Clearing and Risk granted qualifying coops no-action relief from the mandatory clearing requirement for swaps that meet certain conditions as further delineated in the no-action letter. The conditions are similar to those offered in the proposed coop exemption rule issued by the CFTC last summer. The relief is effective until the earlier of April 1, 2013, or the date the CFTC rules on the proposed coop exemption. Click here for more information.
