Swap Transaction Compliance and Implementation Schedule - Comment Letter - Tradeweb - November 4, 2011

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Clearing and Trade Execution Requirements
November 4, 2011

TradeWeb asks the Commission to provide more clarity on “implementation of the SEF registration requirements and their interaction with the clearing and execution requirements.” Specifically, they ask for clarification of the registration process of SEFs to “allow an existing trading platform to file an application with the Commission and certify material compliance with the applicable SEF regulations at any point folling publication of the final SEF registration and related rules.” They further request the Commission to clarify the “operation of its proposed phase-in of SEF governance requirements.”