CFTC ISSUES “NO-ACTION” LETTER RE: SWAP REPORTING
The U.S. Commodity Futures Trading Commission (CFTC) issued a no-action letter which defers the compliance date for amendments to its swap data reporting rules from May 25, 2022 to December 5, 2022
The amendments add several new swap data elements and prescribe the manner in which they are to be provided to the CFTC. The deferral will give market participants more time to update swap reporting systems without risk of enforcement action from the CFTC.