The SEC and CFTC are seeking public input to clarify and harmonize how derivatives products are defined and regulated in the US. The move comes amid ongoing tensions, including a lawsuit filed by CME Group against the SEC over a proposed rule that would expand the definition of a government securities dealer. The agencies aim to address overlapping jurisdictions and reduce regulatory uncertainty for market participants. Comments will be accepted for 60 days after publication in the Federal Register.
CME Group IncCME Group has sued the SEC over a proposed rule expanding the definition of a government securities dealer, and the SEC/CFTC harmonization effort may still lead to regulatory changes that CME opposes.