The Commodity Futures Trading Commission (CFTC) has published a Notice of Proposed Rulemaking to amend its regulation § 37.3(a)(2), seeking to eliminate the order book requirement for swap execution facilities (SEFs) concerning permitted transactions. This proposal would allow SEFs not to offer an order book for these specific transactions.
The CFTC is actively seeking public comments on these proposed amendments. This initiative aims to modify existing rules governing how certain swap transactions are executed.