CFTC Issues Proposal to Revise Business Conduct and Swap Documentation Requirements for Swap Dealers and Major Swap Participants

WASHINGTON — The Commodity Futures Trading Commission is proposing amendments that would codify existing no-action positions for certain of the CFTC’s business conduct and documentation requirements applicable to swap dealers and major swap participants. 

The proposed amendments, if adopted, would further harmonize the CFTC’s rules with those of the Securities and Exchange Commission and Municipal Securities Rulemaking Board.

Comments must be submitted on or before Oct. 24, 2025.