CFTC revises no-action relief for legacy uncleared swaps due to LIBOR transition

Until June 30, 2023 enforcement action won't be recommended against any person for a failure to comply with the IRS Clearing Requirement when making a qualifying amendment to an uncleared legacy IRS or swaption, provided that such an amendment is made for the sole purpose of transitioning from an IRR to an alternative reference rate

Carl Ayers -

January 4 2022

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