SEF registration, no-action letters slows business

By Gabriel Suprise
13 Nov 2014

The Commodity Futures Trading Commission needs to grant permanent registration for swap execution facilities in order to avoid hindering the evolution of businesses following the implementation of Dodd-Frank. Additionally, the slew of continuing no-action letters is resulting in regulatory uncertainty, according to speakers at SEFCON V in New York.

"The longer the SEF registration process goes on, the more issues seem to pop up," said Matthew Kulkin, senior associate at Squire Patton Boggs. "At a certain point, market participants are going to want to see permanent registration so that they can start to carry out ...

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