On November 21, 2025, the staff of the Market Participants Division (MPD) of the Commodity Futures Trading Commission (CFTC) issued Staff No-Action Letter No. 25–37 (Staff Letter) in response to a request from the Structured Finance Association (SFA).
| less than a minute read
Credit Risk Transfer SPVs Obtain CPO Relief from the CFTC

/Passle/MediaLibrary/Images/2025-09-22-10-38-46-074-68d12736804c8cc59b4e0f09.jpg)
/Passle/MediaLibrary/Images/2025-09-22-10-43-34-158-68d12856804c8cc59b4e13f1.jpg)
/Passle/MediaLibrary/Images/2025-09-22-10-43-34-754-68d12856804c8cc59b4e143c.jpg)
/Passle/MediaLibrary/Images/2025-09-22-10-43-35-839-68d12857804c8cc59b4e14cc.jpg)