CFTC issues no action letter involving exchange of records and data reports

The Market Supervision Department and Clearing and Risk Department of the US Commodity Futures Trading Commission (CFTC) have issued a non action letter, recommending no enforcement action against designated contract markets, derivative clearing organizations, and their participants for failing to comply with swap record keeping requirements and failing to report full collateral contract trading data to swap data repositories. Previously, non action letters similar to contract data reports still apply, and relevant entities can apply for the same position. After approval, they will be added to the appendix of the non action letter.