FIA filed a letter with the Commodity Futures Trading Commission on Aug. 15, 2017 asking for an extension of existing no-action relief as well as additional relief regarding the reporting obligations under the agency's Ownership and Control Reports rule. FIA explained that the companies subject to these obligations are not able to fully comply with the OCR rule and reiterated its position that the CFTC should conduct a formal rulemaking to address the challenges that the rule poses for intermediaries and their customers.
