Officials blindsided by CFTC's Sef footnote 88, says Ferber

Senior MEP says officials from US and Europe only recognised dangers of Sef rules footnote in recent weeks


Regulators on both sides of the Atlantic did not realise that a footnote in US rules on swap execution facilities (Sefs) would drag other trading platforms into the scope of the new regime, according to Markus Ferber, member of the European Parliament (MEP) and rapporteur for Europe's version of the Sef rules.

The footnote – one of more than 1,100 in the Sef rules – has caused panic among trading venues that had thought they were exempt from the regime's requirements and now face an October 2

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact or view our subscription options here:

You are currently unable to copy this content. Please contact to find out more.

Sorry, our subscription options are not loading right now

Please try again later. Get in touch with our customer services team if this issue persists.

New to View our subscription options


Want to know what’s included in our free membership? Click here

This address will be used to create your account

You need to sign in to use this feature. If you don’t have a account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account here