PANews reported on May 14 that the U.S. Commodity Futures Trading Commission (CFTC) issued a no-action letter from its Market Surveillance Division and Clearing and Risk Division, stating that it will not recommend enforcement action against designated contract markets, derivatives clearing organizations, and their participants for failing to comply with record-keeping requirements related to swaps, or for failing to report data related to fully collateralized event contract transactions to the swap data repository.

This position is in response to requests from designated contract markets and derivatives clearing organizations for several listed and liquidated event contracts. The relevant authorities plan to streamline the approval process and ensure uniform treatment of market participants through this measure. The previous no-action letter regarding data reporting for similar contracts continues to apply to all beneficiaries. Entities wishing to list or liquidate similar contracts can apply for the same no-action position, which, upon approval, will be added to the appendix of the no-action letter.