CFTC Staff Letter No. 21-04 (No-Action)

The record

Jurisdiction

United States; Commodity Futures Trading Commission, Market Participants Division and Division of Market Oversight (federal staff no-action letter)

Level

Federal

Authority

17 C.F.R. § 140.99

Issued

2021-01-19 Jan. 19, 2021

Effective

2021-01-16

End

2021-03-31 (with Letter 21-05 to 2021-04-15 for certain relief) (read as 2021-03-31)

In force

Jan. 16, 2021 to Mar. 31, 2021

Quarters

2021 Q12021 Q2

2020 Q22020 Q32020 Q42021 Q12021 Q22021 Q3

Limitation types

Telework mandateWorkplace rulesOther

Addressees

• floor brokers, introducing brokers, FCMs, DCM and SEF members

Functions reached

• CM floor brokerage and introducing-broker operations from remote locations
• OP
• WF

Collection

Federal financial regulators AGY-FED-FINANCIAL

Operative words

MPD and DMO extended such relief pursuant to CFTC Staff Letter 20-19, issued on [June 9, 2020, and Letter 20-26].... Accordingly, until March 31, 2021, MPD will not recommend that the Commission [take an enforcement action against floor brokers and introducing brokers for failure to comply with the location and recording requirements]. MPD does not expect to extend this relief further. FBs or IBs relying on this relief [should prepare to return to compliance].... Until March 31, 2021, DMO will not recommend that the Commission take an [enforcement action against DCMs and SEFs whose members rely on the relief].

Enforcement

Notes