CFTC Seeks Public Feedback on Proposal to Eliminate SEF Order Book Requirement for Permitted Transactions

The US CFTC is soliciting public comments on a proposed rule change to eliminate the order book requirement for permitted transactions on Swap Execution Facilities.

The U.S. Commodity Futures Trading Commission (CFTC) has announced that it is seeking public comments on a regulatory proposal to eliminate the Swap Execution Facility (SEF) order book requirement for permitted transactions. The rulemaking proposal addresses execution methods on registered SEFs, specifically focusing on the existing mandate requiring platforms to operate an order book for swaps classified as permitted transactions. The CFTC has invited market participants, derivatives trading platforms, and the public to submit feedback and commentary on the proposed regulatory adjustment as part of the formal consultation process.