Exemptive, No-Action, & Interpretative Letters for CFTC.gov.

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Exemptive, No-Action, & Interpretative Letters for CFTC.gov.

The following letter has been added:

13-21; Rule 1.73(a)(2)(v)(B); Other Written Communication; May 31, 2013
The Division of Clearing and Risk (DCR) provided an extension of time for compliance in order to provide additional time for market participants to coordinate on the communication of limits for bunched orders for futures under Rule 1.73(a)(2)(v)(B). The extension applies to the obligation of FCMs clearing allocated futures trades to establish risk-based limits for each customer and enter into an agreement with the account manager requiring the account manager to screen orders for compliance with those limits. The extension does not apply to the obligation that the FCM initially clearing the bunched order establish risk-based limits for the bunched order and screen the order for compliance with the limit. This extension also does not extend the relief previously granted for give-ups. This extension of time is intended to provide sufficient time to transition to fully compliant pre-trade screening.

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