The U.S. Commodity Futures Trading Commission is poised to denyrequests from Wall Street firms for a broad delay of rulesrequiring they move their swaps transactions ontogovernment-mandated systems by Oct. 2.

Lobbyists representing market participants have asked the CFTCto delay when they must start trading on swap execution facilities,or SEFs, rather than privately in over-the-counter markets,according to letters sent to the regulator. The International Swaps& Derivatives Association and the Securities Industry &Financial Markets Association are among groups that say theirmembers need more time to prepare for the transition.

“I don't see a wholesale delay of Oct. 2,” Steve Adamske, a CFTCspokesman, said in a Sept. 24 telephone interview. Instead, theregulator will review requests for delays case by case, he said.“We will take a look at anybody who is looking for no-action reliefon a targeted basis.”

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