Letter

CFTC issues no-action letter for swap dealers on prime brokerage arrangements

The Commodity Futures Trading Commission’s Division of Swap Dealer and Intermediary Oversight has issued a time-limited no-action letter that provides swap dealers with relief from certain External Business Conduct Standards rules in the context of prime brokerage arrangements.

 
The relief provided in the no-action letter is applicable to all swap dealers, subject to the conditions and limitations set forth in the letter.

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