CFTC Extends No-Action Relief for Certain Package Transactions

On November 10, the CFTC’s Division of Market Oversight (“DMO”) issued further time-limited no-action relief in the form of a revised phase-in compliance timeline and more flexible execution methods for swaps executed as part of certain package transactions for which the previous no-action relief would have expired on November 15, 2014.  Click here for CFTC No-Action Letter 14-137.