The US Commodity Futures Trading Commission (CFTC) has issued a no-action letter that provides additional time for reporting parties to comply with certain reporting requirements of the ownership and control final rule (OCR Final Rule).

The OCR Final Rule, which was published in the Federal Register on 18 November 2013, requires the electronic submission of trader identification and market participant data on new and updated reporting forms. 
 
These reporting forms collect new information to better identity participants in futures and swaps markets. 
 
The OCR Final Rule requires reporting parties to begin submitting the forms electronically by 15 August 2014.
 
The letter provides time-limited no-action relief for reporting parties from the requirement to file the forms electronically and provide certain additional information required by the OCR Final Rule.  The relief is subject to certain terms and conditions outlined in the no-action letter, including the condition that reporting parties continue to report via the legacy, non-automated submission methods until the expiration of the relief granted.