CFTC and European Commission Agree on Swap Exchange Trading | Practical Law
The CFTC and the European Commission (EC) have issued a joint statement announcing the progress made towards harmonizing a regulatory framework for CFTC-regulated swap execution facilities (SEFs) and EU-regulated multilateral trading facilities (MTFs), as envisaged in the Path Forward Statement issued by the CFTC and the EC in July 2013. The CFTC also issued two no-action letters providing related relief.