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Relief Details

The agency's market oversight unit gave designated contract markets permission to strip expiration dates from perpetual-style broad-based security index futures. Once amended, these products become true perpetual futures.

Sources: [1]

Required Safeguards

Exchanges must first gather input from traders holding open positions, give advance warning with time to close out, supply risk disclosures, and keep all other terms unchanged. Filings under specific regulations plus compliance certification are also mandatory.

Sources: [1]

Time Limit

This temporary relief lapses on October 20, 2026.

Sources: [1]

Sources

  1. CFTC announcements — CFTC Issues No-Action Letter for DCMs Regarding Converting Existing Perpetual-Style Broad-Based Security Index Futures into True Perpetual Futures ↗

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