The U.S. Commodity Futures Trading Commission’s (CFTC ) Division of Market Oversight (Division) today announced time-limited no-action relief to derivatives clearing organizations (DCOs) and reporting entities for certain swaps reporting obligations amended by a CFTC Final Rule published June 27, 2016 (Cleared Swap Rule Final Rule). Today’s action relieves DCOs of their obligations to report original swap terminations as required by the Cleared Swap Rule for up to six months or until DCOs can sufficiently test required changes to their reporting systems. This action also relieves all swaps reporting entities of obligations to report new primary economic terms (PET) data fields added by the Cleared Swap Rule for up to three months or upon the acceptance of such PET data fields by swap data repositories (SDRs).
More information via press release: http://www.cftc.gov/PressRoom/PressReleases/pr7502-16
