Page 22 - 期货和衍生品行业监管动态（2023年11月刊）
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期货和衍生品行业监管动态
则为模板。我认为，SEC 与 CFTC 的制度保持相一致，可以获得许多相同的好处
——通过透明的交易前定价将买卖双方聚集在一起，这降低了市场风险，保护了
投资者。”
此次通过的法规涉及《证券交易法》对证券互换交易的成交要求以及该要求
的跨境适用，落实了《多德-弗兰克法案》第 765 节的规定，以减少证券互换交
易设施与开展证券互换交易的全国证券交易所之间的利益冲突，并促进了 SE 条
例与《证券交易法》现有规则的一致性。
通过 SE 条例时，SEC 力求在实际可行的情况下尽可能与 CFTC 规范互换交
易设施（SEF）和互换交易成交的平行规则保持一致。
新规将在《联邦公报》公布之日起 60 日后生效。任何符合“证券互换交易
设施”（SBSEF）定义的实体均可在新规生效后 180 日内的任何时间，向 SEC 提
交申请以在 SBSEF 表格上进行注册，对 SBSEF 表格的申请须在新规生效后 240
日内完成，以便实体在申请待决期间继续作为 SBSEF 运营。
SEC Adopts Rules for the Registration and Regulation of Security-Based Swap
Execution Facilities (2023/11/2)
The Securities and Exchange Commission today adopted new Regulation SE
under the Securities Exchange Act of 1934 to create a regime for the registration and
regulation of security-based swap execution facilities (SBSEFs). The new regulatory
framework was required under Title VII of the Dodd-Frank Wall Street Reform and
Consumer Protection Act relating to the over-the-counter derivatives market.
“Adopting Regulation SE fulfills Congress’s mandate and increases the
transparency and integrity of the security-based swap market,” said SEC Chair Gary
Gensler. “In taking up these matters in 2021, we heard from many market participants
suggesting that we should look to the Commodity Futures Trading Commission’s
(CFTC) rules for swap execution facilities as our template. I believe aligning the SEC’s
regime closely with the CFTC’s garners many of the same benefits – bringing together
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