January 08, 2018 BY Valentina Kirilova

CFTC issues no-action relief to futures commission merchants

The Commodity Futures Trading Commission (CFTC)’s Division of Swap Dealer and Intermediary Oversight announced that it has issued no-action relief to registered futures commission merchants and introducing brokers to exclude deferred tax liabilities that are directly related to the capitalized costs of certain non-allowable assets when computing their adjusted net capital under Regulation 1.17. The…

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