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CFTC grants no-action letter extension for package transactions
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Commodities, Derivatives
Tuesday, October 14, 2014
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Responding to industry concerns over the timeline for implementation of new regulations involving a package transaction, the Commodity Futures Trading Commission on Sept. 30 extended the deadline of a no-action letter on the matter. The agency said it was responding to market participants who suggested the technology they needed to comply with the regulations “would not be implemented by the expiration date, as previously anticipated.”
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