November 18, 2013
CFTC Issues Notice of Temporary Registration as a Swap Execution Facility to LatAm SEF, LLC
Washington, DC — The U.S. Commodity Futures Trading Commission (CFTC) has approved the application of LatAm SEF, LLC (LatAm) for temporary registration as a swap execution facility (SEF). LatAm is a Delaware limited liability company.
A SEF is a category of CFTC registered entities created by the Dodd-Frank Wall Street Reform and Consumer Protection Act of 2010 to provide greater pre-trade and post-trade transparency to the swaps market. LatAm will be required, as will all future temporarily and fully registered SEFs, to demonstrate continued compliance with all applicable provisions of the Commodity Exchange Act and CFTC regulations, including part 37, and any future regulations, amendments, guidance, and interpretations issued by the CFTC. As a next step, the CFTC will undertake a substantive review of LatAm’s application for full registration.
Last Updated: November 20, 2013