CFTC Issues Time-Limited No-Action Relief to Small Exchange Inc.

The CFTC Division of Market Oversight has issued a time-limited no-action letter to designated contract market Small Exchange Inc. concerning dormancy procedures.

The Commodity Futures Trading Commission (CFTC) announced that its Division of Market Oversight has issued a no-action letter to Small Exchange Inc., a designated contract market (DCM). According to the regulator, the staff no-action position addresses specific procedures relating to exchange dormancy. The CFTC stated that this relief is time-limited and subject to the terms and conditions outlined in the Division of Market Oversight's formal letter.