From Cadwalader’s Cabinet News:
The CFTC published the text of the three final rules adopted last week. These rules cover the following: (i) core principles and other requirements for swap execution facilities (“SEFs”); (ii) the process for a designated contract market or swap execution facility to make a swap “available to trade”; and (iii) procedures to establish appropriate minimum block sizes for large notional off-facility swaps and block trades. read more