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CFTC Staff Amends Existing Brexit-Related Relief to Provide Market Certainty
The Commodity Futures Trading Commission’s Division of Market Oversight (DMO) announced today that it is amending previously granted temporary no-action relief in connection with the withdrawal of the United Kingdom (UK) from the European Union (EU), known as Brexit. Specifically, DMO is amending the DMO portion of CFTC Staff Letter No. 20-39 in order to provide relief to three additional UK multilateral trading facilities (MTFs) and an organised trading facility (OTF) and their market participants. The previously provided relief was meant to provide certainty and maintain the status quo of the EU 5h(g) Exemptive ... (full story)