CFTC grants Kraken Derivatives no-action relief on dormancy procedures
U.S. derivatives market oversight is focusing on operational procedures at designated contract markets as exchanges seek regulatory flexibility. The Commodity Futures Trading Commission's Division of Market Oversight says it issues a time-limited no-action letter to Kraken Derivatives Exchange Inc. covering certain dormancy-related procedures.
Highlights
- Kraken Derivatives Exchange Inc. received time-limited no-action relief from the CFTC regarding designated contract market dormancy procedures, as set forth in the division's latest letter.
- The CFTC's position follows Kraken Derivatives Exchange's request to extend previously granted relief under CFTC Letter No. 25-46, maintaining regulatory compliance pathways.
- This no-action relief provides temporary regulatory certainty for U.S. derivatives venues, allowing continuity in exchange operations under specific conditions.
Dormancy relief for designated contract market procedures
As reported by Commodity Futures Trading Commission, the division's no-action letter applies to Kraken Derivatives Exchange Inc., formerly Small Exchange Inc., and addresses certain procedures related to dormancy.The relief is time-limited and remains subject to the terms and conditions set out in the division's letter. The position responds to a request from Kraken Derivatives Exchange to extend no-action relief previously granted in CFTC Letter No. 25-46.
Regulatory implications for U.S. derivatives venues
No-action relief generally indicates that agency staff do not recommend enforcement action if the recipient operates within specified conditions, giving an exchange temporary regulatory certainty while maintaining oversight limits.For the U.S. derivatives sector, the decision highlights how designated contract markets continue to use staff guidance to manage operational issues while seeking continuity in exchange procedures.
Our earlier article on EU-U.S. financial regulatory coordination outlined how officials used the Joint Financial Regulatory Forum in Brussels to align approaches on digital finance, banking rules, and market-structure issues with cross-border impact. We noted that regulators, including the CFTC, discussed resilience topics such as operational standards, clearing rules, and digital-asset policy work, while reaffirming ongoing cooperation ahead of the next forum expected in late 2026.
-
Afghanistan
-
Albania
-
Algeria
-
Angola
-
Argentina
-
Armenia
-
Australia
-
Austria
-
Azerbaijan
-
Bahamas
-
Bahrain
-
Bangladesh
-
Belarus
-
Belgium
-
Bolivia
-
Botswana
-
Brazil
-
Brunei
-
Bulgaria
-
Cambodia
-
Cameroon
-
Canada
-
Chile
-
China
-
Colombia
-
Congo
-
Costa Rica
-
Cote d'Ivoire
-
Croatia
-
Cuba
-
Cyprus
-
Czechia
-
DR Congo
-
Denmark
-
Dominican Republic
-
Ecuador
-
Egypt
-
El Salvador
-
Estonia
-
Eswatini
-
Ethiopia
-
Finland
-
France
-
Georgia
-
Germany
-
Ghana
-
Greece
-
Haiti
-
Hong Kong
-
Hungary
-
India
-
Indonesia
-
Iran, Islamic republic
-
Iraq
-
Ireland
-
Israel
-
Italy
-
Jamaica
-
Japan
-
Jordan
-
Kazakhstan
-
Kenya
-
Korea
-
Kuwait
-
Kyrgyzstan
-
Laos
-
Latvia
-
Lebanon
-
Lesotho
-
Libya
-
Lithuania
-
Luxembourg
-
Madagascar
-
Malaysia
-
Malta
-
Mauritius
-
Mexico
-
Moldova
-
Mongolia
-
Montenegro
-
Morocco
-
Mozambique
-
Myanmar
-
Namibia
-
Nepal
-
Netherlands
-
New Zealand
-
Nigeria
-
North Macedonia
-
Norway
-
Oman
-
Pakistan
-
Palestine
-
Panama
-
Papua New Guinea
-
Paraguay
-
Peru
-
Philippines
-
Poland
-
Portugal
-
Puerto Rico
-
Qatar
-
Reunion
-
Romania
-
Rwanda
-
Saudi Arabia
-
Serbia
-
Singapore
-
Slovakia
-
Slovenia
-
Somalia
-
South Africa
-
Spain
-
Sri Lanka
-
Sweden
-
Switzerland
-
Syria
-
Taiwan
-
Tajikistan
-
Tanzania
-
Thailand
-
Trinidad and Tobago
-
Tunisia
-
Turkey
-
UAE
-
Uganda
-
Ukraine
-
United Kingdom
-
United States
-
Uruguay
-
Uzbekistan
-
Venezuela
-
Vietnam
-
Yemen
-
Zambia
-
Zimbabwe
- Forex
- Crypto
