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CFTC Issues COVID-19 Relief

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The US Commodity Futures Trading Commission (CFTC) has relaxed rules around voice and telephone recording for swap execution facilities up until the end of June, along with relief to designated contract markets regarding audit trail and related requirements over the same period. The spread of coronavirus has caused compliance with certain CFTC requirements to be particularly challenging or impossible because of displacement of personnel from normal business sites due to social distancing and other measures.

“These prudent, targeted, and temporary actions will help facilitate orderly trading and liquidity in our derivatives markets,” said CFTC Chairman Heath P. Tarbert.

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