March 17, 2020 / 11:37 AM / 17 days ago

CFTC to give work-from-home relief to traders - WSJ

March 17 (Reuters) - The U.S. Commodity Futures Trading Commission (CFTC) is planning to allow market participants to skip certain record-keeping requirements if they work from home over coronavirus fears, the Wall Street Journal reported on Tuesday citing officials familiar with the matter.

The relief from the regulator is short-term and will apply to trading venues, banks, brokers and other parties until June 30, according to the report.

The first set of no-action letters — where regulators inform market participants that they won't enforce certain rules — is expected to come Tuesday, the report said. (on.wsj.com/39XUGG7)

The measures to be announced include extending certain filing deadlines and allowing manual record-keeping as traders will not have access to phone lines that can tape calls, a regulatory requirement under normal circumstances, the report added.

The CFTC did not immediately respond to a Reuters request for comment. (Reporting by Bharath Manjesh in Bengaluru; Editing by Shailesh Kuber)

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