No end in sight for Sef confirmation struggles
CFTC delays documentation issue for another year
Swap execution facilities (Sefs) continue to face concern over how to issue trade confirmations with all the legal terms, despite the Commodity Futures Trading Commission (CFTC) issuing further guidance on the issue in August – nine months after the expiry of the previous no-action relief.
Since November 30, 2013, Sefs have been unable to follow the US regulator's rules regarding how confirmations should be handled, claiming that issuing confirmations with a written record of all the terms of
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