The CFTC issued Letter 25-05, withdrawing controversial Staff Letter 21-19 (SEF Registration Advisory), issued in September 2019 to remind entities of the swap execution facility (SEF) registration requirements set out in Commodity Exchange Act (CEA) Section 5h(a)(1) and related CFTC regulations. The SEF Registration Advisory had created uncertainty among derivatives market participants regarding SEF registration requirements.
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CFTC Withdraws Controversial 2019 SEF Registration Advisory
