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CFTC RIN: 3038-AD18 Publication ID: Fall 2010 
Title: ●Swap Execution Facilities Registration Requirements and Core Principle Rulemaking, Interpretation and Guidance  
Abstract: Pursuant to title VII of the Dodd-Frank Wall Street Reform and Consumer Protection Act (Dodd-Frank Act), the Commodity Futures Trading Commission (Commission or CFTC) proposes to issue rules to implement section 733 of the Dodd-Frank Act. In relevant part, section 733 of the Dodd-Frank Act amends the provisions of the Commodity Exchange Act (CEA) to create a new registered entity – swap execution facilities (each a SEF or collectively SEFs), providing market participants with the ability to execute or trade swaps. Among other changes, section 733 of the Dodd-Frank Act introduces fifteen core principles relating to the registration and operation of SEFs. Additionally, section 723(a)(8) of the Dodd-Frank Act requires that all swaps subject to clearing must be executed on either a Designated Contract Market or a SEF. This rulemaking implements the process for becoming a SEF as well as the fifteen core principles and other requirements that each applicant must comply with as a condition of obtaining and maintaining its registration as a SEF. This rulemaking proposes to replace current part 37 of the Commission’s regulations, at present addressing rules for DTEFs, with rules to implement the amendments to the CEA relevant to SEFs. 
Agency: Commodity Futures Trading Commission(CFTC)  Priority: Other Significant 
RIN Status: First time published in the Unified Agenda Agenda Stage of Rulemaking: Proposed Rule Stage 
Major: Undetermined  Unfunded Mandates: No 
CFR Citation: Not Yet Determined     (To search for a specific CFR, visit the Code of Federal Regulations.)
Legal Authority: sec 721(a)(21), 723 and 733 of the Dodd-Frank Wall Street Reform and Consumer Protection Act – Commodity Exchange Act (the Act) secs: 1a(50), 5h, and sec 8a(5) of the Act   
Legal Deadline:  None
Timetable:
Action Date FR Cite
NPRM  12/00/2010    
NPRM Comment Period End  01/00/2011    
Final Action  07/00/2011    
Regulatory Flexibility Analysis Required: No  Government Levels Affected: None 
Small Entities Affected: No  Federalism: No 
Included in the Regulatory Plan: No 
RIN Data Printed in the FR: No 
Agency Contact:
Riva Spear-Adriance
Senior Special Counsel, Division of Market Oversight
Commodity Futures Trading Commission
Three Lafayette Centre, 1155 21st Street NW,
Washington, DC 20581
Phone:202 418-5494
Email: radriance@cftc.gov