The U.S. Commodity Futures Trading Commission’s (CFTC) Divisions of Clearing and Risk and Market Oversight (Divisions) today announced that Swap Execution Facilities (SEFs) and Designated Contract Markets (DCMs) will have time-limited no-action relief from Commission Regulation 37.9(a)(2) regarding methods of execution for required transactions, or Commission Regulations 37.203(a) and 38.152 that prohibit pre-arranged trading, if a SEF or DCM permits a new trade, with terms and conditions that match the terms and conditions of the original trade, other than the time of execution, to be submitted for clearing.
More information via press release: http://www.cftc.gov/PressRoom/PressReleases/pr7024-14
