On June 10, 2016, the US Commodity Futures Trading Commission (CFTC) issued a no-action letter extending the relief provided in CFTC Letter 15-24, which expires on June 15 2016. The no-action letter provides relief to swap execution facilities and designated contract markets to correct clerical or operational errors that cause a swap to be rejected for clearing and thus become void, as well as errors discovered after a swap has been cleared.

View full memo, CFTC Extends No-Action Relief to Swap Execution Facilities and Designated Contract Markets