October 27, 2022

CFTC Updates EU and Singapore SEF Exemptions

The CFTC updated two Orders to exempt three additional Singapore-based trading platforms and four additional EU-based trading platforms from having to register as swap execution facilities.

The EU Order exempts from SEF registration (i) two EU-authorized multilateral trading facilities (Financial & Risk Transaction Services Limited of Ireland and TRAD-X MTF of France) and (ii) two EU-authorized organized trading facilities (Market Securities OTF of France and Tradition Espana OTF of Spain) authorized with the European Union from SEF registration.

The Singapore Order exempts from SEF registration three Singapore-authorized "recognized market operators": Bloomberg Tradebook Singapore Pte Ltd, SGX FX Markets Pte. Ltd. and Synoption Pte. Ltd.