• CFTC Issues No-Action Relief and Interpretive Guidance Related to SEFs
  • October 3, 2013 | Authors: James M. Cain; Jacob Dweck; Daphne G. Frydman; Catherine M. Krupka; David T. McIndoe
  • Law Firms: Sutherland Asbill & Brennan LLP - Washington Office ; Sutherland Asbill & Brennan LLP - Houston Office ; Sutherland Asbill & Brennan LLP - Washington Office
  • As the date for compliance with swap execution facility (SEF) registration requirements approached, the Commodity Futures Trading Commission (the CFTC or Commission) issued a number of no-action letters and interpretive guidance regarding the obligations of market participants, intermediaries, exchanges and clearing organizations with respect to swaps that will be traded on SEFs.