The U.S. Commodity Futures Trading Commission (CFTC) has extended relief to CFTC-registered swap dealers and major swap participants in Canada, Australia, the European Union, Japan and Switzerland, the derivatives regulator announced on Thursday.
The relief provides that the CFTC will not recommend enforcement action against dealers in these countries for failing to comply with the data reporting requirements for swaps with non-U.S. counterparties.
The relief is set to expire on Dec. 1, 2020; the CFTC says it does not currently intend to extend the relief beyond the planned expiry date.