On December 22, 2014, the Commodity Futures Trading Commission’s Division of Swap Dealer and Intermediary Oversight (DSIO) issued a no-action letter that extends the deadline for submitting the annual report that must be filed by the chief compliance officer (CCO) of a swap dealer, major swap participant or futures commission merchant. Under the no-action relief, the CCO of a swap dealer, major swap participant or futures commission merchant with a fiscal year that ends on or before January 31, 2015 will have an additional 30 days (90 days total) following the end of their firm’s fiscal year to file the CCO’s annual report. In addition, a CCO may obtain another 30-day extension (120 days total) by notifying DSIO of any material non-compliance events that occurred during the fiscal year covered by the annual report within 90 days of the end of the firm’s fiscal year.

The no-action letter is available here.