Europe wants greater co-operation with the CFTC over cross-border rules
The US derivatives watchdog has extended its "Path Forward"
framework to Australia with a no-action letter that means some
Australian platforms will not have to register in the US as
swap execution facilities (Sef).
The exemption applies to Australian platforms that offer
interest rate and credit default swaps mandated by the
Commodity Futures Trading Commission (CFTC) to trade on a
The relief applies to platforms that have in place, or are
set to implement, comparable clearing and reporting
requirements to that of a US-based Sef.
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