--- title: U.S. and European Regulators Reach Swaps Accord description: U.S. and European Regulators Reach Swaps Accord --- ![websites-group](https://articles.marketsmedia.com/hubfs/raw_assets/public/MarketsMedia_August2021/images/new-MMG-01.svg) [![](https://articles.marketsmedia.com/hubfs/raw_assets/public/MarketsMedia_August2021/images/dropdown-new-marketsmedia-logo.svg)](https://www.marketsmedia.com/) [![](https://articles.marketsmedia.com/hubfs/raw_assets/public/MarketsMedia_August2021/images/dropdown-menu-traders-redlogo.svg)](https://www.tradersmagazine.com/) [![](https://articles.marketsmedia.com/hubfs/raw_assets/public/MarketsMedia_August2021/images/dropdown-menu-bestexe-logo.svg)](https://www.bestexecution.net/) [![](https://articles.marketsmedia.com/hubfs/raw_assets/public/MarketsMedia_August2021/images/dropdown-menu-fidesk-logo.svg)](https://www.fixglobal.com/) [![](https://articles.marketsmedia.com/hubfs/raw_assets/public/MarketsMedia_August2021/images/dropdown-fixglobal-new-logo.svg)](https://www.fixglobal.com/) - [*Facebook*](https://www.facebook.com/MarketsMedia/) - [*Twitter*](https://twitter.com/marketsmedia) - [*Linkedin*](https://www.linkedin.com/company/markets-media-llc) - [Newsletter](https://articles.marketsmedia.com/u-s-european-regulators-reach-swaps-accord#popup-newsletter) #### Want the latest news on securities markets -- FREE? 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Accordingly, the CFTC and EC have engaged in further dialogue regarding the treatment of MTFs under the CFTC’s regulatory regime, building upon the common objective to rigorously and expeditiously implement the G-20 commitments, particularly with regard to mandatory trading on regulated and organized platforms. The CFTC issued a “Conditional No-Action Letter” for qualifying MTFs from the SEF registration requirement, for parties executing swap transactions on qualifying MTFs from the trade execution mandate, and for swap dealers and major swap participants executing transactions on qualifying MTFs from requirements under the CFTC’s business conduct rules. The CFTC has issued a short-term no-action letter to provide limited relief for all registered MTFs through March 24, 2014, in order to provide sufficient time for MTFs to identify themselves to the CFTC as a condition to the relief pursuant to the Conditional No-Action Letter. In particular, the agreement shows how, as G20 commitments move from words to action, regulators can and should work together to ensure that their respective rules interact with each other in the most effective and efficient fashion, Barnier noted. “This needs to be done without creating regulatory overlaps or loopholes this creating a global level playing field for operators," he said. "Today is an important step but far from the final one on the road towards global convergence. We will continue to work closely with the U.S. authorities in implementing the Path Forward agreement.” [Share](https://www.facebook.com/share.php?u=https://articles.marketsmedia.com/u-s-european-regulators-reach-swaps-accord) [Tweet](https://twitter.com/intent/tweet?text=US+ETFs+Have+Record+Net+Inflows&url=https://articles.marketsmedia.com/u-s-european-regulators-reach-swaps-accord) [Share](https://www.linkedin.com/cws/share?url=https://articles.marketsmedia.com/u-s-european-regulators-reach-swaps-accord) ![email](https://articles.marketsmedia.com/hubfs/Markets%20Media/email.svg) ### NEWSLETTER SIGN UP And receive exclusive articles on securities markets ### Related articles 1. 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