CFTC Withdraws Staff Advisory on Swap Execution Facility Registration Requirements

The Commodity Futures Trading Commission's (CFTC) Division of Market Oversight (DMO) has announced the immediate withdrawal of its previous staff advisory concerning registration requirements for Swap Execution Facilities (SEFs). According to the announcement, the division is withdrawing CFTC Letter No. 21-19, titled "Staff Advisory Swap Execution Facility Registration Requirement." The DMO stated that the advisory was withdrawn after determining that it had created uncertainty in the market regarding whether certain entities are required to register as SEFs. The withdrawal takes effect immediately.