CFTC and SEC Seek Input on Swap Rule Clarity
Published Date: 6/24/2026
Proposed Rule
Summary
The CFTC and SEC want your thoughts on how to better define what counts as a “swap” or “security-based swap” to clear up confusion about which rules apply. They’re also exploring new ways for companies to follow the rules more easily. If you’re involved in trading or financial products, this could affect you—so speak up by August 24, 2026!
Analyzed Economic Effects
2 provisions identified: 2 benefits, 0 costs, 0 mixed.
Clarifying What Counts as a Swap
If you trade or design financial products, the SEC and CFTC are asking whether they should more clearly define when a product is a "swap," a "security-based swap," a "mixed swap," or excluded from the swap definition. The agencies say clearer rules could "unlock access to innovative products in U.S. financial markets," and they are seeking comments on many specific definitional questions by August 24, 2026.
Possible Alternative Compliance to Cut Duplicate Rules
The SEC and CFTC are asking whether complying with one agency's rules could satisfy similar requirements of the other agency (called "alternative compliance"). They seek public input on when that would be appropriate and on possible joint or coordinated approaches, including tailored rules or deemed filings, with comments due by August 24, 2026.
Your PRIA Score
Personalized for You
How does this regulation affect your finances?
Sign up for a PRIA Policy Scan to see your personalized alignment score for this federal register document and every other regulation we track. We analyze your financial profile against policy provisions to show you exactly what matters to your wallet.
Key Dates
Department and Agencies
Related Federal Register Documents
2026-07993 — Form PF; Reporting Requirements for All Filers
If you’re an investment adviser filing Form PF, big news! The SEC and CFTC want to make your life easier by cutting some reporting chores, fixing confusing rules, and streamlining the whole process. You’ve got until June 23, 2026, to share your thoughts before these changes could save you time and hassle.
2026-05635 — Application of the Federal Securities Laws to Certain Types of Crypto Assets and Certain Transactions Involving Crypto Assets
Starting March 23, 2026, the SEC and CFTC are making it clear that some crypto assets and transactions must follow federal securities laws. This means crypto companies and investors need to play by new rules to keep things fair and safe. Expect more transparency and possible costs for compliance as the government steps up oversight in the crypto world.
2026-12742 — Joint Request for Comment on Swap and Security-Based Swap Data Reporting
The CFTC and SEC want your thoughts on changing how swap and security-based swap data is reported. These changes could affect financial firms that trade these swaps by updating rules to make data clearer and easier to handle. You’ve got until August 24, 2026, to share your ideas—so don’t miss out on shaping the future of swap reporting!
2025-18228 — Form PF; Reporting Requirements for All Filers and Large Hedge Fund Advisers; Further Extension of Compliance Date
If you’re a big hedge fund or private fund adviser, the deadline to follow new Form PF rules just got pushed back a whole year—from October 1, 2025, to October 1, 2026. This gives you more time to get your reports in order without rushing. No new fees, just a friendly extension to keep things smooth and clear!
2025-11057 — Form PF; Reporting Requirements for All Filers and Large Hedge Fund Advisers; Further Extension of Compliance Date
If you’re a big hedge fund or private fund adviser, good news! The deadline to follow new rules for filing Form PF just got pushed back from June 12 to October 1, 2025. This gives you more time to get your reports right without rushing, keeping your money moves smooth and compliant.
2025-05267 — Form PF; Reporting Requirements for All Filers and Large Hedge Fund Advisers
If you’re a big hedge fund adviser or manage private funds, the SEC and CFTC have updated Form PF to fix some mistakes. These changes affect how you report your info, making it clearer and more accurate. Get ready to follow the new rules soon to keep everything smooth and compliant!
Previous / Next Documents
Previous: 2026-12742 — Joint Request for Comment on Swap and Security-Based Swap Data Reporting
The CFTC and SEC want your thoughts on changing how swap and security-based swap data is reported. These changes could affect financial firms that trade these swaps by updating rules to make data clearer and easier to handle. You’ve got until August 24, 2026, to share your ideas—so don’t miss out on shaping the future of swap reporting!
Next: 2026-12745 — Television Broadcasting Services Alamogordo, New Mexico
Vision Broadcasting wants to switch their new Alamogordo TV station from channel 4 to channel 11 to give viewers a better signal. The FCC agrees this change meets all the rules and is asking for public comments by July 24, 2026. This switch could mean clearer TV for folks in Alamogordo without extra costs or delays.