Energy Market End-Users Let Out A Sigh Of Relief

Law360, New York (April 17, 2013, 12:35 PM EDT) -- On April 9, 2013, just one day before the April 10, 2013, end-user compliance date for swap reporting and record keeping under the Dodd-Frank Wall Street Reform and Consumer Protection Act and Commodity Futures Trading Commission’s implementing regulations, the CFTC issued a no-action letter providing the end-user community certain relief from the swap-reporting requirements. The scope of the relief provided in the CFTC’s no-action letter varies depending on the status of the reporting counterparty as a financial entity or nonfinancial end-user and the asset class of...
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