United States:
Federal Register: CFTC Proposes Prohibiting Certain "Post-Trade Name Give-Up" Practices
06 January 2020
Cadwalader, Wickersham & Taft LLP
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The CFTC-proposed rule prohibiting "post-trade name
give-up" at swap execution facilities ("SEFs") was
published in the Federal Register. Comments
must be submitted by March 2, 2020.
As previously covered, the CFTC unanimously
approved a proposal to prohibit requiring "post-trade name
give-up" practices for swaps that are anonymously executed on
an SEF that are intended to be cleared. Under the proposal, SEFs
are required to implement and enforce rules that prohibit such a
disclosure. The proposal follows a request for comments issued by the CFTC in
November 2018.
The content of this article is intended to provide a general
guide to the subject matter. Specialist advice should be sought
about your specific circumstances.
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