The COVID Project
The record
- Jurisdiction
- United States; Commodity Futures Trading Commission, Division of Swap Dealer and Intermediary Oversight and Division of Market Oversight (federal staff no-action letter)
- Level
- Federal
- Authority
- 17 C.F.R. § 140.99
- Issued
- 2020-09-11 Sept. 11, 2020
- Effective
- 2020-10-01 (continuing the relief expiring Sept. 30, 2020) (read as 2020-10-01)
- End
- 2021-01-15
- In force
- Oct. 1, 2020 to Jan. 15, 2021
- Quarters
- 2020 Q32020 Q42021 Q1
2020 Q22020 Q32020 Q42021 Q12021 Q22021 Q3
- Limitation types
- Telework mandateWorkplace rulesOther
- Addressees
- FCMs, IBs, swap dealers, floor brokers, retail foreign exchange dealers, SEFs, DCMs and their members
- Functions reached
- CM trading and dealing operations from remote locations
- OP recordkeeping
- WF
- Collection
- Federal financial regulators AGY-FED-FINANCIAL
Operative words
[In response to requests from the Futures Industry Association and other industry associations] (together, the 'Associations'), this letter further extends the time period of certain no-[action relief provided in CFTC Staff Letters Nos. 20-02, 20-03, 20-]04, 20-05, 20-06, 20-07, and 20-09, each issued on March 17, 2020, and extended by [Letter 20-19]... until January 15, 2021, subject to the terms and conditions [of the original letters].
Enforcement
Notes
The staff's September 2020 finding that the industry's personnel remained physically separated and that the relief was still needed into 2021