On October 31, the Commodity Futures Trading Commission’s Division of Market Oversight extended no-action relief to swap execution facilities (SEFs) from the requirement to capture post-execution allocation information in their audit trail data. To rely on the no-action relief, SEFs must (1) have a rule requiring market participations to provide post-execution allocation information upon request if the SEF, at the request of the CFTC or otherwise, requests such information, and (2) in the course of a trade practice or market surveillance investigation involving post-execution allocations, request and evaluate post-execution allocation information as part of the investigation. The no-action relief expires November 15, 2020.

The CFTC’s announcement is available here.