美国商品期货交易委员会 (CFTC) 和美国证券交易委员会 (SEC) 征求公众意见以进一步明确和统一衍生品产品定义

美国商品期货交易委员会 (CFTC) 和美国证券交易委员会 (SEC) 寻求公众意见以进一步明确和统一衍生品产品定义 |美国商品期货交易委员会
版本号 9258-26
美国商品期货交易委员会 (CFTC) 和美国证券交易委员会 (SEC) 征求公众意见以进一步明确和统一衍生品产品定义
2026 年 6 月 18 日
华盛顿——商品期货交易委员会和证券交易委员会今天发布联合请求，就进一步更新、澄清和协调某些衍生品产品定义和解释问题的潜在机会征求公众意见。
征求意见的目的是支持委员会对当前监管定义、解释和管辖框架是否适当反映不断变化的市场结构、金融产品和交易实践进行持续评估。
CFTC 主席迈克尔·S·塞利格 (Michael S. Selig) 表示：“今天联合征求公众意见为解决多德弗兰克法案第七章中长期存在的模糊性问题提供了一个机会，这些模糊性问题扼杀了公平竞争和负责任的创新。” “我感谢 SEC 和阿特金斯主席的合作，我们共同努力进一步明确管辖范围并加强我们机构之间的合作。”
“关于第七章的定义问题，包括基于事件的产品，早就应该得到澄清。通过真诚的合作努力，我们可以创造一个公平的竞争环境，让老牌公司和新进入者都可以在平等的基础上竞争和创新，无论他们是否在 SEC 或 CFTC 注册，”SEC 主席 Paul S. Atkins 表示。
联合征求意见请求寻求意见主题，包括：
与掉期和基于证券的掉期相关的定义，包括掉期定义中某些排除的范围。
混合掉期的处理
新颖或新兴产品的处理
管辖权和解释问题
监管定义线需要进一步明确的潜在领域
替代合规的潜在领域
CFTC 和 SEC 鼓励公众就这些主题提供意见，正如各机构的评论请求中所指出的那样。在《联邦公报》上发布征求意见请求后，公众意见征询期将持续 60 天。
-CFTC-

CFTC, SEC Seek Public Comment to Further Clarify and Harmonize Derivatives Product Definitions | CFTC
Release Number 9258-26
CFTC, SEC Seek Public Comment to Further Clarify and Harmonize Derivatives Product Definitions
June 18, 2026
WASHINGTON — The Commodity Futures Trading Commission and Securities and Exchange Commission today issued a joint request for public comment on potential opportunities to further update, clarify, and harmonize certain derivatives product definitions and interpretive issues.
The request for comment is intended to support the Commissions’ ongoing evaluation of whether current regulatory definitions, interpretations, and jurisdictional frameworks appropriately reflect evolving market structures, financial products, and trading practices.
“Today’s joint request for public comment presents an opportunity to address longstanding ambiguities within Title VII of Dodd-Frank that have stifled fair competition and responsible innovation,” said CFTC Chairman Michael S. Selig. “I appreciate the partnership of the SEC and Chairman Atkins as we work together to further clarify jurisdictional lines and enhance cooperation between our agencies.”
“Clarification is long overdue on Title VII definitional issues, including event-based products. Through good-faith cooperation efforts, we can create a level playing field where established firms and new entrants alike can compete and innovate on equal footing regardless of whether they’re registered with the SEC or CFTC,” said SEC Chairman Paul S. Atkins.
The joint request for comment seeks input topics including:
Definitions relating to swaps and security-based swaps, including the scope of certain exclusions from the swap definition.
Treatment of mixed swaps
Treatment of novel or emerging products
Jurisdictional and interpretive questions
Potential areas in need of greater clarity regarding regulatory definitional lines
Potential areas for alternative compliance
The CFTC and SEC encourage the public to provide input on these topics, as identified in the agencies’ request for comment. The public comment period will remain open for 60 days following publication of the request for comment in the Federal Register.
-CFTC-