2025-09-18 | 2025-18070

Requirements for Designated Contract Markets and Swap Execution Facilities Regarding Governance and the Mitigation of Conflicts of Interest Impacting Market Regulation Functions; Withdrawal of Proposed Regulatory Action

The Commodity Futures Trading Commission formally withdraws its March 2024 proposed rulemaking regarding governance and conflict of interest standards for designated contract markets and swap execution facilities. The Commission determined that many entities already implement sufficient governance and conflict mitigation standards within their larger corporate organizations, rendering the proposed rules unnecessary. This withdrawal, effective September 15, 2025, concludes the regulatory action without issuing final rules, though the Commission reserves the right to pursue future action if market conditions change.

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United States

Commodity Futures Trading Commission

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