The U.S. Commodity Futures Trading Commission (CFTC) today approved a final rule that removes reporting and recordkeeping requirements for trade option counterparties that are neither swap dealers nor major swap participants (Non-SD/MSPs), including commercial end-users that transact in trade options in connection with their businesses. The unanimous vote was conducted via seriatim. The Final Rule will become effective upon publication in the Federal Register.
More information via press release: http://www.cftc.gov/PressRoom/PressReleases/pr7343-16
