The Commodity Futures Trading Commission’s Division of Market Oversight (DMO) has issued relief to allow swap execution facilities (SEFs) an additional 30 days to prepare and submit their annual compliance reports and financial reports for the fourth quarter.
As background, CFTC regulations require each SEF to file a financial report within 60 days after the end of the SEF’s fourth fiscal quarter. Likewise, CFTC regulations require each SEF to file an annual compliance report within 60 days after the end of the SEF’s fiscal year concurrently with the filing of the SEF’s fourth fiscal quarter financial report.
DMO has extended the 60-day deadline to 90 days for both reports. This relief will expire on November 30, 2020.
CFTC Letter 17-61 is available here.