CFTC Staff Issues Temporary Relief from Notice Filing Requirement, Exemptive Relief from Audit Requirement

February 10, 2017

The U.S. Commodity Futures Trading Commission (CFTC) Division of Market Oversight (DMO) on February 6, 2017 issued time-limited no-action relief (DMO Letter) from a new requirement that market participants must file a notice with the CFTC in order to rely on certain exemptions from the CFTC’s amended position limits aggregation rule. The notice filing requirement was to become effective on February 14, 2017, but the no-action relief provides a six-month grace period, so that the first filing is not due until August 14, 2017. However, market participants will nonetheless be required to comply with all other conditions for reliance on the applicable aggregation exemption as of February 14, 2017.

Read "CFTC Staff Issues Temporary Relief from Notice Filing Requirement, Exemptive Relief from Audit Requirement."