ICE Swap Trade

Regulation

ICE works with regulators and policy makers around the world to ensure supervision, compliance and reliable operation of markets. As a catalyst in the development of transparent, global markets, ICE works proactively to maintain the confidence of participants and the integrity of markets.
ICE Swap Trade has received temporary registration as a Swap Execution Facility pursuant to the Dodd–Frank Wall Street Reform and Consumer Protection Act and regulated by the CFTC.

Market Supervision

ICE Swap Trade is responsible for the management, monitoring and regulation of all trading activity for CFTC regulated products. All market activity is monitored by our team that provides front-line trading and back office support.


Rulebook

Governance

ICE Swap Trade is a Swap Execution Facility pursuant to the Dodd–Frank Act , as amended, and as such is regulated by the U.S. Commodity Futures Trading Commission (CFTC).

The SEF is managed by or subject to the direction of the Board and such officers (“Officers”) as are appointed by the Board, in each case in accordance with the Operating Agreement. Without limiting the rights, powers, privileges and obligations of the Board as set forth in the Operating Agreement, the Board has the power to review, and to approve, modify, suspend or overrule, any and all decisions of committees of the SEF and any Officers, subject to Applicable Law. Qualifications for Managers will be as set forth in the Operating Agreement and hereunder. No Director may be subject to Statutory Disqualification.

Regulatory Oversight Committee

The Regulatory Oversight Committee (“ROC”) shall consist of three Managers, all of which shall be Public Directors (Managers). The ROC shall report to the Board. The ROC shall oversee the regulatory program of the SEF on behalf of the Board. The Board shall delegate sufficient authority, dedicate sufficient resources and allow sufficient time for the ROC to fulfill its mandate.


Jurisdictions

Rule Filings