On April 8, the Division of Market Oversight (DMO) of the Commodity Futures Trading Commission issued two no-action letters providing additional relief with respect to the ownership and control reports final rule (OCR Final Rule), which requires reporting parties to submit trader identification and market participant data electronically on new and updated reporting forms. CFTC Letter No. 16-32 extends the relief provided by CFTC Letter No. 15-52 by providing reporting members with temporary relief from certain OCR reporting obligations. The relief will extend from September 28 to April 29, 2018, depending on the OCR form. For a more complete discussion of CFTC Letter No. 15-52, see the Corporate & Financial Weekly Digest edition of October 2, 2015.
Continue Reading CFTC Issues No-Action Letters and Guidance Regarding the Ownership and Control Final Rule