Search Results for keywords:"Swap Execution Facilities"

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Search Results: keywords:"Swap Execution Facilities"

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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.

  • 2021-01081 — Agency Information Collection Activities: Notice of Intent To Extend Collection 3038-0074: Core Principles and Other Requirements for Swap Execution Facilities
    Type:Notice
    Citation:86 FR 5147
    Reading Time:about 5 minutes

    The Commodity Futures Trading Commission (CFTC) is seeking public comments on the proposed renewal of information collection related to Swap Execution Facilities (SEFs). This collection is part of the regulatory requirements set by the Dodd-Frank Act to ensure SEFs comply with specific standards. The CFTC aims to revise its current estimates on the number of registered SEFs and invites feedback on various aspects of the information collection process, including its necessity and potential improvements. Comments can be submitted through various methods by March 22, 2021.

    Simple Explanation

    The Commodity Futures Trading Commission (CFTC) wants to make sure places where people trade swaps, called SEFs, are following the rules. They are asking people to share their thoughts about this by March 22, 2021, to improve how they collect information about these trading places.

  • 2025-03820 — Agency Information Collection Activities Under OMB Review
    Type:Notice
    Citation:90 FR 11728
    Reading Time:about 3 minutes

    The Commodity Futures Trading Commission has issued a notice in line with the Paperwork Reduction Act of 1995, concerning the Information Collection Request (ICR) for Swap Execution Facilities (SEFs). This request has been sent to the Office of Management and Budget (OMB) for review. The purpose is to ensure SEFs meet specific registration and operational requirements, including providing transaction confirmations and complying with 15 core principles. The estimated burden for respondents is adjusted to 775 hours each, totalling 15,499 hours annually for 20 respondents. Public comments on this collection can be submitted by April 10, 2025.

    Simple Explanation

    The Commodity Futures Trading Commission is checking if some special trading places called Swap Execution Facilities are doing things right, like recording trades correctly and following important rules. They want people to share their thoughts about this by April 10, 2025.