Search Results for keywords:"Financial Implications"

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Search Results: keywords:"Financial Implications"

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  • 2020-28945 — Swap Execution Facilities and Trade Execution Requirement
    Type:Proposed Rule
    Citation:86 FR 9304
    Reading Time:about 18 minutes

    On November 30, 2018, the Commodity Futures Trading Commission (CFTC) proposed new rules to change how swap execution facilities (SEFs) operate. Based on feedback, they decided not to proceed with many of these changes as they could complicate the market and increase costs. Instead, the CFTC is focusing on specific, smaller updates to improve SEF regulations without causing major disruptions. This decision reflects the Commission's intention to make changes that are more measured and less controversial.

    Simple Explanation

    The CFTC thought about changing some rules to make trading a certain way on big swaps platforms better, but after listening to feedback, they decided to go with smaller changes instead, to keep things simple and not make trading more confusing or expensive.

  • 2025-01546 — Self-Regulatory Organizations; LCH SA; Order Granting Approval of Proposed Rule Change by LCH SA Relating to Dealer Status
    Type:Notice
    Citation:90 FR 8060
    Reading Time:about 18 minutes

    The Securities and Exchange Commission (SEC) has approved a proposed rule change by LCH SA to amend its CDS Clearing Rule Book and Procedures. This change allows affiliates of Clearing Members to become CDS Dealers, enabling them to submit transactions on behalf of their affiliated Clearing Members. The rule aims to expand trading options for Clearing Members and streamline the clearing process by reducing the need for separate client onboarding for affiliate trades. It establishes clear criteria and a formal application process for affiliates seeking CDS Dealer status to ensure they meet necessary qualifications.

    Simple Explanation

    The SEC has agreed to let LCH SA allow special family members (called affiliates) of their main playing members (Clearing Members) to also play in the game of swapping something valuable (CDS). This makes it easier and faster for them to team up and play, without each new player needing a long sign-up process.