Swap Execution Facilities Regulation - Comment Letter - Chicago Board Options Exchange (CBOE) - April 4, 2011

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Dodd-Frank Timeline, Registration and Regulation of Security-Based Swap Execution Facilities, SEC
Proposal Date Comment Deadline Reopened Comment Period Deadline
February 28, 2011 April 4, 2011 July 22, 2013

Registration and Regulation of Security-Based Swap Execution Facilities, SEC
April 4, 2011 Recommendations from the comment letter:

  • The same or equivalent requirements should apply to SB SEFs and exchanges.
  • Exchanges should be permitted to offer trading in SB swaps in the same manner that SB SEFs may do so.
  • The SEC should have the same or equivalent requirements for SB SEFs as the CFTC will have under its jurisdiction for SEFs.
  • SB SEFs and exchanges should be subject to the same rule filing process for SB swaps and SB swap rules.
  • The standard for when an SB swap is considered "made available for trading" should not be based on the amount of trading in that SB swap on exchanges and SB SEFs.

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