CFTC Staff Issues No-Action Relief To Futures Commission Merchants And Introducing Brokers Regarding The Capital Treatment Of Deferred Tax Liabilities Resulting From Changes In Accounting Principles

The Commodity Futures Trading Commission’s Division of Swap Dealer and Intermediary Oversight announced today that it has issued no-action relief to registered futures commission merchants and introducing brokers to exclude deferred tax liabilities that are directly related to the capitalized costs of certain non-allowable assets when computing their adjusted net capital under Regulation 1.17.