Sef rules could be finalised by mid-February, says O’Malia

CFTC commissioner Scott O'Malia

Long-awaited rules on swap execution facilities (Sefs) are expected to be finalised within the next few weeks, with voice-broking likely to be permitted in some limited form, according to Scott O'Malia, a commissioner at the Commodity Futures Trading Commission (CFTC).

Speaking at an industry event in New York yesterday, O'Malia said a vote on the final rules could take place within two weeks. "That's right in time for Valentine's Day, and nothing says 'Valentine, I care' like a Sef final rule-m

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