CFTC’s Division of Swap Dealer and Intermediary Oversight Issues Time-Limited No-Action Relief Regarding the Treatment of Swap Transactions on Natural Gas Exchange for Purposes of Making Calculations Under the Swap Dealer Definition
12/18/2012 10:59 AM EST
The Commodity Futures Trading Commission’s (CFTC) Division of Swap Dealer and Intermediary Oversight (DSIO) today issued a time-limited no-action letter that provides relief for swaps transacted on Natural Gas Exchange (NGX), with respect to the treatment of such swaps in the calculation of a person’s aggregate gross notional amount of swap dealing activity.
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