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CFTC Amends the Trade Option Exemption to Eliminate Reporting and Recordkeeping Requirements for Certain End-Users

The CFTC has approved a final rule that removes reporting and recordkeeping requirements for trade option counterparties that are neither swap dealers nor major swap participants (Non-SD/MSPs). The removal of the reporting requirements also applies to commercial end users transacting in trade options connected to their business. Regarding the reporting…