The SEC issued an Order updating several exemptions and granting additional exemptions for certain security-based swap activities.
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The National Futures Association proposed amendments to certain compliance rules on forex transactions and orders.
The Federal Register published Securities Exchange Act Rule 15Fi-1. The final rule requires security-based swap dealers and majority security-based swap participants to provide counterparties with a trade acknowledgment detailing information specific to a transaction.
The SEC adopted final rules requiring security-based swap dealers and major SBS participants to provide and verify trade acknowledgments in security-based swap transactions.
The CFTC Division of Market Oversight ("DMO") granted time-limited conditional no-action relief to swap execution facilities ("SEFs") from certain data reporting and recordkeeping requirements in relation to confirmations required for uncleared swap transactions executed on or pursuant to the rules of an SEF under CFTC Rule 37.6(b). CFTC Rule 37.6(b) ("Enforceability") requires an SEF to provide each counterparty to a transaction entered into, on, or pursuant to the rules of the SEF with a written record of all terms of the transaction. This written record supersedes any previous agreement and