The Commodity Futures Trading Commission’s (CFTC) Division of Swap Dealer and Intermediary Oversight (DSIO) today issued a no-action letter that provides swap dealers and major swap participants with relief from the requirement to disclose the pre-trade mid-market mark to counterparties in certain foreign exchange (“forex”) transactions that are identified in the no-action letter (“Covered Forex Transactions”).
Full details via press releases: http://www.cftc.gov/PressRoom/PressReleases/pr6449-12
