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CFTC RIN: 3038-AF53 Publication ID: Spring 2025 
Title: ●Codification of Staff No-Action Relief from Reporting and Recordkeeping Requirements for Fully Collateralized Binary Options 
Abstract:

Staff is considering recommending that the Commission codify the no-action relief in CFTC Staff Letters Nos. 17-31, 17-32, 21-11, and 24-09 concerning failure to comply with Commission regulations 38.8(b), 38.10, 38.951 (only to the extent that regulation 38.951 requires compliance with Part 45 of the Commission’s regulations), 39.20(b)(2), as well as the applicable provisions of Parts 43 and 45 of the Commission’s regulations, or the requirements of the relevant Commodity Exchange Act provisions pursuant to which the relevant regulations were promulgated, with respect to the reporting of fully-collateralized binary options to a swap data repository.

 
Agency: Commodity Futures Trading Commission(CFTC)  Priority: Other Significant 
RIN Status: First time published in the Unified Agenda Agenda Stage of Rulemaking: Proposed Rule Stage 
Major: Undetermined  Unfunded Mandates: Undetermined 
EO 14192 Designation: Deregulatory 
CFR Citation: 17 CFR 43    17 CFR 45   
Legal Authority: Not Yet Determined   
Legal Deadline:  None
Timetable:
Action Date FR Cite
NPRM  12/00/2025 
Regulatory Flexibility Analysis Required: Undetermined  Government Levels Affected: Undetermined 
Federalism: Undetermined 
Included in the Regulatory Plan: No 
RIN Data Printed in the FR: No 
Agency Contact:
Richard Haynes
Acting Director, Division of Clearing and Risk
Commodity Futures Trading Commission
Three Lafayette Centre, 1155 21st Street, NW,
Washington, DC 20581
Phone:202 418-5063
Email: rhaynes@cftc.gov

Rahul Varma
Acting Director, Division of Market Oversight
Commodity Futures Trading Commission
Three Lafayette Centre, 1155 21st Street, NW,
Washington, DC 20581
Phone:202 418-5353
Email: rvarma@cftc.gov