The work-around of bundling swap contracts to get around a requirement for trading on open platforms would be done away with under proposed rulemaking by the Commodity Futures Trading Commission
This week, the CFTC approved for publication in the Federal Register a Notice of Proposed Rulemaking that re-proposes adding certain provisions to Part 43 of the Commission’s Regulations pertaining to block trades in swap contracts. It evolved from related mandates of the Dodd-Frank Act that drew a distinction between large block trades and smaller transactions.
