The U.S. Commodity Futures Trading Commissionâs (CFTC) Division of Market Oversight (Division) today issued Guidance on the calculation by designated contract markets (DCMs) and swap execution facilities (SEFs) of projected operating costs for purposes of complying with DCM Core Principle 21 and CFTC Regulation 38.1101(c) and SEF Core Principle 13 and CFTC Regulation 37.1303.
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