CFTC Extends Temporary Relief to SEFs for Block Trades
Posted: Thu Oct 06, 2016 7:19 pm
The CFTC’s Division of Market Oversight extended the no-action relief which was granted to swap execution facilities (SEFs) from certain ‘occurs-away’ requirements in the definition of block trades.
The latest no-action relief permits SEFs to execute block trades on SEF’s trading systems and platforms until the relief expires.
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Specifically, CFTC letter extends the relief previously granted to SEFs from the requirement in CFTC Regulation 43.2 concerning block trades occuring away from the SEFs’ trading system or platform. The latest letter extends the relief until November 15, 2017, at 11:59 ... (read more)