{"id":"AGY-FED-FINANCIAL-073","kind":"order","level":"federal","jurisdiction":"United States; Commodity Futures Trading Commission, Market Participants Division and Division of Market Oversight (federal staff no-action letter)","state":"","metro":"","industry":"","agency":"FED-FINANCIAL","eco":"","issuer":"CFTC Market Participants Division and Division of Market Oversight","authority":"17 C.F.R. § 140.99","instrument":"CFTC Staff Letter No. 21-10 (No-Action)","title":"Partial Extension of No-Action Positions to Facilitate Physical Separation in Derivatives Industry Response to COVID-19 (Floor Brokers)","dateIssued":"2021-04-13","effective":"2021-04-16","end":"2021-09-30","startDate":"2021-04-16","endDate":"2021-09-30","quarters":["2021Q2","2021Q3"],"types":["TELE","EMP","OTHER"],"addressees":["floor brokers","designated contract markets whose floor brokers operate remotely"],"clause":"Re: Partial Extension of No-Action Positions to Facilitate Physical [Separation in Derivatives Industry Response to COVID-19]... [This letter extends the] period of relief for floor brokers (\u0027FBs\u0027) [until] September 30, 2021, subject to the terms and conditions as stated in CFTC Staff [Letters 20-04 and 21-04, including relief from the] (1) Location requirement pursuant to the definition of \u0027floor broker\u0027 in Commission [regulation 1.3, and from] Commission regulations 38.250 through 38.253, to the extent that non-[compliance results from floor brokers operating away from the trading floor].... Any relief not extended by this letter has expired or will expire [on April 15, 2021].","enforcement":"No-action position only; the floor-broker definition and DCM rules otherwise apply","functions":["CM floor brokerage (trading floors closed or restricted; brokers operating off-floor)","OP","WF"],"notes":"The Q3 2021 instrument for the futures industry: on April 13, 2021 Commission staff found that floor brokers still could not return to the trading floor and extended the location relief through September 30, 2021, the last day of the last claimable quarter","sourceUrl":"https://www.cftc.gov/csl/21-10/download","snapshot":"","fileExists":true,"fileBytes":151801,"grade":"primary","character":"","description":"","collection":"AGY-FED-FINANCIAL","url":"/library/AGY-FED-FINANCIAL-073","exhibitUrl":"/exhibit/AGY-FED-FINANCIAL-073","citation":"CFTC Market Participants Division and Division of Market Oversight, CFTC Staff Letter No. 21-10 (No-Action) (Apr. 13, 2021) (Ex. AGY-FED-FINANCIAL-073)","stateName":"","related":[]}