The Commodity Futures Trading Commission’s Market Participants Division and Division of Market Oversight extended temporary no action positions related to the United Kingdom’s withdrawal from the European Union. The relief is intended to preserve regulatory certainty for derivatives trading and clearing between the UK and the United States. The extension continues positions previously set out in CFTC Staff Letter No. 24-11 and amended by CFTC Staff Letter No. 26-10. The relief will remain relevant while the CFTC and UK authorities analyze UK law and consider UK comparability determinations and exemptive orders for certain UK entities.
US Commodity Futures Trading Commission extends temporary Brexit related no action relief
The Commodity Futures Trading Commission extended temporary Brexit related no action positions to preserve regulatory certainty for UK-US derivatives trading and clearing. The relief supports the period in which US and UK authorities analyze UK law and consider comparability determinations and exemptive orders for certain UK entities.