CFTC Proposes Rules on Swap Execution Facilities Pursuant to Sections 723 and 733 of the Dodd-Frank Act

On January 7, 2010, the CFTC proposed regulations (the “Proposed Regulations”) that would apply to the registration and operation of swap execution facilities (“SEFs”), including provisions designed to implement the core principles with which a SEF must comply to be registered and to maintain registration as a SEF under the Commodity Exchange Act (the “CEA”), as amended by the Dodd-Frank Act. The Proposed Regulations also set forth guidance, acceptable practices and other requirements for SEFs. SEFs form a new type of regulated marketplace for the trading of swaps provided for in Sections 5h and 2(h)(8) of the CEA.

Read the full alert here.


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