CFTC staff extended previously granted swap execution facility-related relief in connection with the United Kingdom's withdrawal from the European Union.
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CFTC Commissioner Dawn D. Stump advocated for the frequent re-visitation and refinement of swaps rule sets by regulators to ensure that regulations are current with the market environment.
The U.S.-UK Financial Regulatory Working Group published a joint statement on its priorities.
The CFTC staff granted swap dealers no-action relief from certain "transaction-level" requirements in an effort to maintain the regulatory status quo following the UK's exit from the European Union.
CFTC Commissioner Dan M. Berkovitz argued that futures contracts tied to the outcome of sporting events should be permitted to be traded on a designated contract market if it can be demonstrated that there is an economic purpose and the contract provides impartial access to the public.