News Column

CFTC's Division of Market Oversight Issues Time-Limited Extension of the No-Action Relief Provided in CFTC Letter No. 13-41

June 27, 2014

WASHINGTON, June 27 -- The Commodity Futures Trading Commission issued the following news release:

The Commodity Futures Trading Commission's (CFTC) Division of Market Oversight (Division) today issued a letter providing a time-limited extension of the relief provided in CFTC Letter No. 13-41.

The Division is extending the expiration of the relief provided in CFTC Letter No. 13-41, without modification to the original terms and conditions, until the earlier of -- the reporting party no longer holding the requisite reasonable belief regarding the privacy law consequences of reporting; or 12:01 a.m. EST on January 16, 2015.

CFTC Letter No. 13-41, issued on June 28, 2013, permits part 45 and part 46 reporting counterparties to mask legal entity identifiers, other enumerated identifiers and other identifying terms, and permits Part 20 reporting entities to mask identifying information in certain enumerated jurisdictions. The relief provided in CFTC Letter No. 13-41 expires no later than 12:01 a.m. EDT on June 30, 2014.

The extension of the relief in CFTC Letter No. 13-41 permits reporting parties who previously met the conditions in CFTC Letter No. 13-41 to continue fulfilling their reporting obligations while acknowledging privacy, secrecy and blocking laws in certain non-U.S. jurisdictions.

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Source: Targeted News Service

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