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
EIOPA submitted—to the European Parliament, the Council of the European Union, and EC—its 2020, fifth, and last annual report on long-term guarantee measures and measures on equity risk.
The BIS Innovation Hub Swiss Centre, SNB, and the financial infrastructure operator SIX announced the successful completion of a joint proof-of-concept (PoC) experiment as part of the Project Helvetia.
EBA published the final draft regulatory technical standards for calculation of own funds requirements for market risk, under the standardized and internal model approaches of the Fundamental Review of the Trading Book (FRTB) framework.
EIOPA published discussion paper on a methodology for the potential inclusion of climate change in the Solvency II (sometimes also written as SII) standard formula when calculating natural catastrophe underwriting risk.
EU published, in the Official Journal of the European Union, corrigenda to the Directive and the Regulation on the prudential requirements and supervision of investment firms.
MAS proposed amendments to certain regulations, notices, and guidelines arising from the Banking (Amendment) Act 2020.
PRA published a statement that explains when to expect further information on the PRA approach to transposing the Capital Requirements Directive (CRD5), including its approach to revisions to the definition of capital for Pillar 2A.
RBNZ launched consultations on the scope of the Insurance Prudential Supervision Act (IPSA) 2010 and on the associated Insurance Solvency Standards.
SRB published the work program for 2021-2023, setting out a roadmap to further operationalize the Single Resolution Fund and to achieve robust resolvability of banks under its remit over the next three years.
EIOPA is consulting on the relevant ratios to be mandatorily disclosed by insurers and reinsurers falling within the scope of the Non-Financial Reporting Directive as well as on the methodologies to build these ratios.