Regulatory Alerts2021-02-11 | 2020-28944Swap Execution Facilities
The Commodity Futures Trading Commission adopted final rules to address operational burdens on swap execution facilities regarding audit trail data, financial resources, and chief compliance officer requirements. The rules eliminate the mandate for SEFs to capture post-execution allocation information in their audit trails and streamline financial resource calculations to reduce compliance costs. Additionally, the regulations simplify the governance and reporting duties of chief compliance officers to allow for greater management discretion and more efficient annual compliance reporting.
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