CFTC-PR-8949-24 (Aug. 23, 2024) CFTC Staff Issues No-Action Letter for EU-Based and UK-Based DCOs Regarding Certain Requirements Applicable to DCOs Washington, D.C. — The Commodity Futures Trading Commission’s Division of Clearing and Risk (DCR) today issued a no-action letter to address the applicability of certain CFTC regulations to registered derivatives clearing organizations (DCOs) based in either […]
Category: Agency No-Action Letter
An Agency No-Action Letter is a formal communications issued by regulatory agencies that indicate they will not take enforcement action against a specific party or transaction under certain conditions. These letters are typically requested by businesses or individuals seeking assurance that their proposed activities or transactions comply with regulatory requirements and will not trigger legal or regulatory penalties. By issuing an Agency No-Action Letter, the agency provides a form of regulatory relief or guidance, clarifying that, based on the information provided and the current understanding, they will refrain from pursuing enforcement actions. However, these letters are generally specific to the circumstances described and do not constitute a binding precedent for other cases.