SEF Rules Entered Into Federal Register, Become Effective August 5
| FinReg
Today, the CFTC entered the final rules for swap execution facilities into the Federal Register. They will become effective August 5, 2013.
Last month, the Commission’s five members – three Democrats and two Republicans – voted 4-1 in favor of the new rules. The final version of the new standards will bring bilateral trading to an end, and transfer trades to centralized, transparent marketplaces.
To read statements from each of the commissioner from the public vote, clickon their name: Scott O’Malia, Bart Chilton, Gary Gensler, Mark Wetjen, Jill Sommers
To read the full rules, click here.