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PROPOSED RULECOMMENTS CLOSED SEPTEMBER 25, 2026

Swap Execution Facility Order Book Requirement for Permitted Transactions

Commodity Futures Trading Commission

The Commodity Futures Trading Commission ("Commission" or "CFTC") proposes to amend its regulations for swap execution facilities ("SEFs") to remove the requirement for SEFs to offer an order book for swap transactions that are not subject to trade execution requirement under section 2(h)(8) of the Commodity Exchange Act ("CEA" or "Act"). These types of swap transactions are referred to in the Commission's regulations as "permitted transactions."

Published August 26, 2026Document 2026-17416

What happens next

The comment period closed on September 25, 2026. The agency now reviews the comments. If it goes ahead, it publishes a final rule in the Federal Register that responds to significant comments. We link it here when it appears. See what is open for comment now.

From the Federal Register as of November 3, 2026. Deadlines can change; the official document governs. Not legal advice.

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