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CFTC RIN: 3038-AE25 Publication ID: Fall 2019 
Title: Swap Execution Facilities and Trade Execution Requirement 
Abstract:

The Commission has proposed rule changes to part 37.  The proposed part 37 rules would establish flexibility in execution methods and provide a revised interpretation of the trade execution requirement under section 2(h)(8) of the Commodity Exchange Act ("CEA”). The proposed rules would also clarify the swap execution facility ("SEF”) registration requirement under 5h(a)(1) of the CEA and the impartial access requirement under SEF Core Principle 2. The proposed rules would also amend certain provisions relating to requirements for SEFs. Further, the proposed rules would adopt other conforming changes to other Commission regulations outside of part 37.

 
Agency: Commodity Futures Trading Commission(CFTC)  Priority: Substantive, Nonsignificant 
RIN Status: Previously published in the Unified Agenda Agenda Stage of Rulemaking: Final Rule Stage 
Major: Undetermined  Unfunded Mandates: No 
EO 13771 Designation: Independent agency 
CFR Citation: 17 CFR 9    17 CFR 36 to 39    17 CFR 43   
Legal Authority: 7 U.S.C. 2(a)(13)    7 U.S.C. 2(h)(8)    7 U.S.C. 7a-1(c)(2)(C)    7 U.S.C. 7(b)(3)   
Legal Deadline:  None
Timetable:
Action Date FR Cite
NPRM  11/30/2018  83 FR 61946   
NPRM Comment Period End  02/13/2019 
NPRM Comment Period Extended  02/12/2019  84 FR 3350   
NPRM Comment Period Extended End  03/15/2019 
Final Rule  03/00/2020 
Final Rule Effective  04/00/2020 
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:
Nhan H. Nguyen
Special Counsel, Division of Market Oversight
Commodity Futures Trading Commission
Three Lafayette Centre, 1155 21st Street NW,
Washington, DC 20581
Phone:202 418-5932
Email: nnguyen@cftc.gov

Roger Smith
Special Counsel, Division of Market Oversight
Commodity Futures Trading Commission
Three Lafayette Center, 1155 21st Street NW,
Washington, DC 20581
Phone:202 418-5344
Email: rsmith@cftc.gov