The U.S. Commodity Futures Trading Commission’s (CFTC) Division of Market Oversight and Division of Clearing and Risk (Divisions) announced today that they have issued a time-limited no-action letter stating that the Divisions will not recommend that the Commission take enforcement action against the Singapore based derivatives clearing organization Singapore Exchange Derivatives Clearing Limited (SGX-DC) for failure to comply with the applicable swap data reporting requirements of Commission Regulations 45.3 and 45.4.
More information via press release: http://www.cftc.gov/PressRoom/PressReleases/pr7031-14
