Federal Register #CFTC-2026-1882

CFTC Proposed Rule Change for Swap Execution Facility Order Book Requirement

This opportunity involves a proposed regulatory change by the Commodity Futures Trading Commission (CFTC) regarding swap execution facilities (SEFs). - Government Buyer: - Commodity Futures Trading Commission (CFTC) - Scope of Rule Change: - Amendment to regulations governing SEFs - Removes requirement for SEFs to offer an order book for swap transactions not subject to the trade execution requirement ('permitted transactions') - Maintains order book requirement for transactions subject to section 2(h)(8) of the Commodity Exchange Act ('required transactions') - No products, OEMs, or vendors are requested or mentioned - Unique Requirements: - Codifies a staff no-action position - Seeks public comment on the proposed regulatory amendment - No procurement of goods or services; this is a regulatory notice - Rulemaking classified under 17 CFR Part 37

Description

The Commodity Futures Trading Commission (CFTC) proposes to amend its regulations for swap execution facilities (SEFs) to remove the requirement for SEFs to offer an order book for swap transactions that are not subject to trade execution requirement under section 2(h)(8) of the Commodity Exchange Act (CEA). These transactions are called "permitted transactions." The proposal seeks public comment on codifying a staff no-action position allowing SEFs not to offer an order book for permitted transactions while maintaining the requirement for required transactions. Comments must be received by September 25, 2026.

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