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Ex. AGY-FED-FINANCIAL-069 Order Primary source read

CFTC Staff Letter No. 20-06 (No-Action)

No-Action Positions for Swap Dealers to Facilitate Physical Separation in Derivatives Industry Response to COVID-19

CFTC Division of Swap Dealer and Intermediary Oversight · United States; Commodity Futures Trading Commission, Division of Swap Dealer and Intermediary Oversight (federal staff no-action letter) (Federal)

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The COVID Project

The record

Jurisdiction
United States; Commodity Futures Trading Commission, Division of Swap Dealer and Intermediary Oversight (federal staff no-action letter)
Level
Federal
Authority
17 C.F.R. § 140.99
Issued
2020-03-17 Mar. 17, 2020
Effective
2020-03-17
End
2020-06-30, extended to 2020-09-30 and 2021-01-15 (read as 2021-03-31)
In force
Mar. 17, 2020 to Mar. 31, 2021
Quarters
2020 Q22020 Q32020 Q42021 Q1
Limitation types
Telework mandateWorkplace rulesOther
Addressees
  • registered swap dealers
Functions reached
  • CM swap dealing desks (banks' derivatives businesses)
  • OP recordkeeping
  • WF
Collection
Federal financial regulators AGY-FED-FINANCIAL

Operative words

Re: No-Action Positions for Swap Dealers to Facilitate Physical [Separation in Derivatives Industry Response to COVID-19]. This letter is in response to a request received by the Division of Swap Dealer and [Intermediary Oversight]... [regarding the recordkeeping] obligations of persons that are registered with the Commission as swap dealers ('SDs') [whose personnel are working from remote locations].

Enforcement

No-action position only

Notes

Reached the swap-dealer arms of the largest banks; guidance

A record of The COVID Project. The instrument's text is the source's; the summary fields are The COVID Project's reading of it. Not legal advice.