U.S. CFTC Issues No-Action Letter Regarding Event Contract Data Reporting

The U.S. Commodity Futures Trading Commission (CFTC) Division of Market Oversight and Division of Clearing and Risk issued a no-action letter adopting a no-enforcement stance regarding swap data reporting and recordkeeping requirements for event contracts. For designated contract markets, derivatives clearing organizations, and their participants, the two divisions will not recommend that the CFTC initiate enforcement actions if such entities fail to report relevant data for fully collateralized event contract transactions to a swap data repository or fail to comply with certain swap recordkeeping requirements. This position applies to all beneficiaries previously covered under similar no-action letters; entities subsequently seeking listing or clearing of analogous contracts may apply for inclusion on the list in the attachment.