Policy Event Β· High impact

SEC And CFTC Seek Comment On Derivatives Product Definitions

The SEC and CFTC issued a joint request for public comment on derivatives product definitions, including swaps, security-based swaps, mixed swaps and novel products. The consultation could affect how event contracts, crypto perpetuals and other emerging derivatives are classified across U.S. regulatory regimes.

High impactπŸ‡ΊπŸ‡Έ United StatesRegulationExchangeSECCFTC

APAC FINSTAB analysis

Although this is outside core APAC, it is relevant because global market-structure, enforcement, and stablecoin precedents often shape licensing expectations for APAC exchanges, issuers, custodians, and DeFi teams. Named institutions or platforms: SEC, CFTC. Teams should monitor the original source, map the change to licensing, custody, disclosure, and market-access obligations, and update their jurisdiction playbooks before the next compliance review.

Compliance read-through: map this event to entity licensing, market-access, custody, disclosure, token listing, and operational-risk obligations before expanding or marketing in the affected jurisdiction.

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Related policy events

FCA Consults On DeFi Guidance For Regulated Firms

The UK Financial Conduct Authority opened GC26/7 consultation on non-Handbook guidance for regulated firms using DeFi, covering operational resilience, financial-crime controls and Money Laundering Regulations obligations. The guidance would clarify how existing controls apply to DeFi dependencies such as smart contracts, bridges and oracle services.

High impactπŸ‡¬πŸ‡§ United KingdomRegulationAMLDeFi