CFTC Grants No-Action Relief for Fully Collateralized Event Contracts

The Commodity Futures Trading Commission (CFTC) has issued no-action relief for fully collateralized event contracts. According to NS3.AI, this relief exempts designated contract markets, derivatives clearing organizations, and market participants from specific swap recordkeeping and reporting requirements. The relief is aimed at event contracts and reduces some compliance obligations related to swap data rules. Additionally, the CFTC has introduced a streamlined process for future applicants seeking similar relief.