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期貨和衍生品行業(yè)監管動(dòng)態(tài)
特別是，最終規則修改了 CFTC 聯(lián)邦法規第 37.6(b)條，使互換執行設施能
夠通過(guò)援引的方式將交易對手方之間在先協(xié)商的基礎協(xié)議條款納入未中央清算
的互換交易確認書(shū)中，而不要求獲得該在先協(xié)商的基礎協(xié)議。
最終規則修改了 CFTC 聯(lián)邦法規第 37.6(b)條，要求在互換執行設施進(jìn)行的
未中央清算和中央清算互換交易在執行成交后“只要技術(shù)可行”就進(jìn)行交易確認。
最終規則關(guān)于 CFTC 聯(lián)邦法規第 37.6(b)條的修訂，還明確規定基于 CFTC 聯(lián)邦
法規第 37.6(b)條的互換執行設施所提供的交易確認書(shū)具有優(yōu)先于在先協(xié)議中相
沖突條款的法律效力，而不是整個(gè)協(xié)議。
此外，最終規則對 CFTC 聯(lián)邦法規第 23.501(a)(4)(i)條進(jìn)行了相應的調整，
以與 CFTC 聯(lián)邦法規第 37.6(b)條的修改保持一致。最后，最終規則對 CFTC 聯(lián)
邦法規第 37.6(a)-(b)條進(jìn)行了某些非實(shí)質(zhì)性的修改，以增強其清晰度。
最終規則將在《聯(lián)邦公報》上公布后 30 日后生效。最終規則生效后，CFTC
不行動(dòng)信函第 17-17 號將失效。
CFTC Approves Final Rules on Swap Confirmation Requirements for SEFs
(2024/4/23)
The Commodity Futures Trading Commission (CFTC) approved final rules to
amend its swap execution facility (SEF) regulations related to uncleared swap
confirmations to address issues which have been addressed in CFTC staff no-action
letters, including the most recent CFTC No Action Letter No. 17-17, as well as
associated conforming and technical changes.
In particular, the final rules amend CFTC Regulation 37.6(b) to enable SEFs to
incorporate terms of underlying, previously negotiated agreements between the
counterparties by reference in an uncleared swap confirmation without being required
to obtain such underlying, previously negotiated agreements.
Further, the final rules amend CFTC Regulation 37.6(b) to require such
confirmation to take place “ as soon as technologically practicable ” after the
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