Swap Execution Facilities Regulation - Comment Letters

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Dodd-Frank Timeline, Core Principles for SEFs, CFTC
Final Rule Issue Effective Date Compliance Date
June 4, 2013 August 5, 2013 October 2, 2013 (one-year phase-in of RFQ minimum); Also see No-action relief note
Dodd-Frank Timeline, DCO,DCM, SEF Governance Standards, Additional Requirements
Proposal Date Comment Deadline Final Rule Issue
January 6, 2011 June 3, 2011 TBA; 2013
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
Timeline, Made Available to Trade Provisions
Final Rule Issue First MAT Determination First Compliance Date
June 4, 2013 January 16, 2014 February 15, 2014

The most recent rule proposal seeking comment on swap execution facilities is the CFTC Proposed Rule: Process for a Designated Contract Market or Swap Execution Facility to Make a Swap Available to Trade. The comment deadline was February 13, 2012. The comment letter deadline for the CFTC rule proposal on Core Principles of Execution Facilities (SEFs) was March 8, 2011. The comment letter deadline for the SEC rule proposal on the registration and regulation of security-based swap execution facilities (SB SEFs) was April 4, 2011. Below are links to comment letters addressing each proposed rule.

Comment letters addressing regulations common to all swap entities - Derivative Clearing Organizations (DCOs), Designated Contract Markets (DCMs), Swap Execution Facilities (SEFs), and Swap Data Repositories (SDRs) can be found HERE.

Process to Make a Swap Available to Trade

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Core Principles for SEFs

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Registration and Regulation of Security-Based Swap Execution Facilities, SEC

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References

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