On March 6, 2014, the Division of Clearing and Risk of the Commodity Futures Trading Commission issued a time-limited no action letter, extending the temporary alternative compliance frameworks available to “Eligible Affiliate Counterparties” (as defined in CFTC regulation 50.52(a)) to claim an exemption from the mandatory clearing swap requirements for swaps between such counterparties pursuant to CFTC regulations 50.52 from March 11, 2014 to December 31, 2014. On the same day, the Division of Market Oversight issued a time-limited no-action letter, providing relief from the mandatory trade execution requirements to swaps between Eligible Affiliate Counterparties.