CFTC Releases No-Action Letter on Event Contract Data Reporting

According to PANews, on May 14, CFTC's Division of Market Oversight and Division of Clearing and Risk released a no-action letter, indicating it will not recommend enforcement action against designated contract markets, derivatives clearing organizations, and participants that fail to comply with record-keeping requirements and fail to report data related to fully-collateralized event contract trades to swap data repositories. The letter responds to requests from multiple entities listing and clearing event contracts, aiming to streamline approval processes and ensure uniform treatment of market participants. Entities seeking to list or clear similar contracts may apply for the same no-action stance and will be added to the letter's appendix upon approval.
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