FIA filed a letter with the Commodity Futures Trading Commission on Feb. 3, 2017 asking for an extension of existing no-action relief from the agency's Ownership and Control Reports rule. FIA explained that many reporting entities remain concerned that they will not be able to comply with the March 1 compliance date specified in prior no-action relief with respect to reporting certain identifying information that may be subject to privacy laws in non-U.S. jurisdictions. In fact, some firms may be forced to choose between compliance with the OCR rule and compliance with non-U.S. privacy laws if the deadline is not extended, FIA said.
