The Commodity Futures Trading Commission’s Division of Market Oversight and Division of Clearing and Risk issued a no-action position in response to a request from Chicago Mercantile Exchange Inc. covering certain swap data reporting and recordkeeping obligations for binary option transactions executed on or subject to CME rules. Under the relief, staff will not recommend enforcement action against CME or its participants for failing to comply with specified swap-related recordkeeping requirements and for failing to report to swap data repositories data associated with the covered binary option transactions, subject to the terms of the no-action letter. The divisions noted the relief is limited to narrow circumstances and aligns with no-action letters provided to other similarly situated designated contract markets and derivatives clearing organizations.
Commodity Futures Trading Commission 2025-07-23
US Commodity Futures Trading Commission staff grant CME no-action relief on binary option swap data reporting and recordkeeping
The Commodity Futures Trading Commission's Division of Market Oversight and Division of Clearing and Risk issued a no-action position for Chicago Mercantile Exchange Inc. regarding swap data reporting and recordkeeping obligations for binary option transactions. This relief exempts CME and its participants from specific compliance requirements, aligning with similar no-action letters for other designated contract markets and derivatives clearing organizations.