CFTC Exempts Four UK-Based MTFs from SEF Registration Requirement

The CFTC issued an Amended Order exempting four EU-authorized multilateral trading facilities ("MTFs") from the requirement to register as a swap execution facility ("SEF").

The CFTC action added the four additional entities to Appendix A of the original Order, which exempted certain MTFs and organized trading facilities ("OTFs") from the SEF registration requirement. According to the CFTC, there are now 20 EU-authorized venues that are exempted MTFs or OTFs.