CFTC announced that it is extending comment period for the proposed amendments related to the regulations on swap execution facilities (SEF) and trade execution requirement. The comment period has been extended from February 13, 2019 to March 15, 2019. The agency is also extending the request for comment regarding the practice of “post-trade name give-up” on SEFs. The comment period has been extended from January 29, 2019 to March 15, 2019.
On November 06, 2018, CFTC had approved a notice of proposed rulemaking regarding the SEFs and the trade execution requirement. The proposed rule was published in the Federal Register on November 30, 2018, with a 75-day comment period. Based on the broad range of topics addressed in the proposed rule and the number of questions posed, CFTC has determined to extend the comment period. CFTC published a proposal regarding the practice of “post-trade name give-up” on SEFs in the Federal Register on November 30, 2018, with a 60-day comment period. CFTC has determined to extend the comment period in recognition of the fact that it will implicate certain of the same issues and same potential commenters as the CFTC's proposal on SEFs, which is scheduled to conclude on March 15, 2019. Accordingly, the comment period for the “post-trade name give-up” is open through March 15, 2019.
Related Link: Federal Register Notice
Comment Due Date: March 15, 2019
Keywords: Americas, US, Banking, Securities, Trade Execution Requirement, Commodity Exchange Act, Post-trade Name Give-up, Swap Execution Facility, Designated Contract Markets, CFTC
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