The ABA petition seeks exemptive relief and interim no-action relief for bank and savings and loan holding companies of the banks and savings and loans that are eligible for the end-user clearing exception. Specifically, the petition seeks to treat the holding company the same as the end-user banks and also be eligible for the clearing exception. The CFTC granted no-action relief on January 8, 2016.
Petition for Exemptive Relief and Interim No-Action Relief for Bank Holding Companies of Banks Eligible for the End-User Exception for Mandatory Clearing of Swaps
October 25, 2013 | American Bankers Association (ABA)