Regulatory Alerts2021-02-12 | 2020-28945Swap Execution Facilities and Trade Execution Requirement
The Commodity Futures Trading Commission withdraws the unadopted portions of its November 2018 proposed rulemaking regarding Swap Execution Facilities and the trade execution requirement. This decision follows extensive public feedback indicating that the comprehensive overhaul posed significant operational challenges and potential adverse market impacts. The Commission will instead pursue targeted rulemakings to address specific issues while retaining previously adopted final rules on audit trails, financial resources, and chief compliance officer requirements.
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