On February 6, the Division of Market Oversight (Division) of the Commodity Futures Trading Commission issued CFTC Letter No. 17-06, which provides time-limited no-action relief from the requirement that persons relying on certain aggregation exemptions from federal position limit levels must file notice with the CFTC.

Specifically, the Division stated that it would not recommend enforcement action against any person or entity that is eligible to rely on an exemption from aggregation under Commission Regulation 150.4(b) for failure to comply with the notice filing requirements of Commission Regulation 150.4(c) with respect to relying on such exemption.

This no-action relief extends until August 14. Prior to this letter, the aggregation notice filing compliance date was set at February 14.