A Quick Look: CFTC reminder to correct reported data

Continuing a theme amidst the Commodity Futures Trading Commission (“CFTC”) staff letters in 2022, the sixth letter of 2022 reminded market participants to correct errors and give notice to the CFTC’s staff when errors in swap data are discovered and can’t be quickly...

A Quick Look: CFTC staff grants some reporting no-action relief

Five entities that act like derivatives clearing organizations – ASX Clear (Futures) Pty Limited, Japan Securities Clearing Corporation, Korea Exchange, Inc., OTC Clearing Hong Kong Limited, and Shanghai Clearing House (“Relief DCOs”)– clear trades under exemptive...

A Quick Look: ESMA’s analysis of 2020 short selling ban

Financial regulators in Austria, Belgium, France, Greece, Italy, and Spain banned short sales of equities for two months in 2020 in response to Covid-19 market turmoil. Staff at the European Securities and Market Authority (ESMA) collected data on how equities...

A Quick Look: CFTC No-Action Letter 22-3

In the Commodity and Futures Trading Commission (“CFTC”) staff’s third letter of 2022, the Division of Data gave no-action relief for swap data reporting amendments adopted by the CFTC in November, 2020. Those amendments were accompanied by technical specifications...

A Quick Look: CFTC staff advisory letters 22-1 and 22-2

On January 5, 2022 the Market Participants Division of the Commodity Futures Trading Commission (“CFTC”) issued two no-action letters directed towards swap dealers permitting them to prepare annual audited financial statements in accordance with other countries’...