SEF Activity definition

SEF Activity means business for which a Participant is subject to the BSEF Rules, which is purportedly conducted subject to the BSEF Rules, or which should have been conducted subject to the BSEF Rules including Permitted Transactions and Block Trades.

SEF Activity means business for which a Participant, Customer, or Clearing Firm is subject to the Rules, which is purportedly conducted subject to the Rules, or which should have been conducted subject to the Rules.

SEF Activity means business for which a Participant is subject to the Tera Rules, which is purportedly conducted subject to the Tera Rules, or which should have been conducted subject to the Tera Rules.

Examples of SEF Activity in a sentence

• Authorized Traders (a) Each Participant shall nominate or designate one or more Authorized Traders, who will conduct SEF Activity on behalf of the Participant.

• Adherence to Law (a) No Participant, Account Manager, Customer, Authorized Trader or Supervised Person shall engage in conduct in violation of the BSEF Rules, the Act, CFTC Regulations, the Rules of any SEF, or the rules of any DCM, DCO or SRO that has jurisdiction over such Participant, Account Manager, Customer, Authorized Trader or Supervised Person or, with respect to SEF Activity, the laws, rules or regulations of any relevant Governmental Body.

• Books and Records RULE 409.A. Participant and Clearing Member Books and Records (a) Each Participant, Clearing Member and market participant shall prepare and keep current all books, ledgers and other similar records relating to SEF Activity required to be kept by it pursuant to the Act, CFTC Regulations and these Rules and shall prepare and keep current such other books and records relating to SEF Activity and adopt such forms as BSEF may from time to time prescribe.

• Upon request of BSEF, a Participant shall promptly provide to BSEF or its Regulatory Services Provider information about the Participant, its Customers, Accounts, Clearing Members and Authorized Traders as BSEF requests related to or in connection with SEF Activity.

• Among other duties and responsibilities that BSEF may impose, an Authorized Trader must: have the authority, at BSEF’s request, to adjust or withdraw any Order submitted under any Trader ID assigned to him or her; and ensure that any SEF Activity conducted under any Trader ID assigned to him or her complies with all BSEF Rules and Obligations.

• Among other duties and responsibilities that BSEF may impose, an Authorized Trader must: (i) have the authority, at BSEF’s request, to adjust or withdraw any Order submitted under any Trader ID assigned to him or her; and (ii) ensure that any SEF Activity conducted under any Trader ID assigned to him or her complies with all BSEF Rules and Obligations.

• Fraudulent Acts No Participant, Account Manager, DMA Customer, Authorized Trader, Supervised Person or any market participant that directly or indirectly effects a transaction on the SEF operated by BSEF shall engage in any fraudulent act or engage in any scheme to defraud, deceive, trick or mislead in connection with or related to any SEF Activity.

• The Market Regulation Department may require a Participant to furnish (periodically or on a particular occasion) information concerning the Participant’s MarketAxess SEF Activity.

• Fraudulent Acts Prohibited No Participant shall engage in any fraudulent act or engage in any scheme to defraud, deceive, trick or mislead in connection with or related to any MarketAxess SEF Activity.

• For the avoidance of doubt, a Cleared Swap that is submitted for clearing and is the subject of a rejection notice from the applicable Derivatives Clearing Organization or Clearing Firm pursuant to this Rule will nonetheless otherwise be within the meaning of SEF Activity for purposes of the Rules.

More Definitions of SEF Activity

SEF Activity means business for which a Participant, Clearing Member, Customer or Client is subject to the SEF Rules or which is purportedly conducted subject to the SEF Rules, including but not limited to the Execution of any Contract on the Trading System, including Permitted Transactions and Block Trades.

SEF Activity means business for which a Participant is subject to the GTX Rules, which is purportedly conducted subject to the GTX Rules, or which should have been conducted subject to the GTX Rules, including, without limitation, Permitted Transactions and Block Trades.

SEF Activity means business for which a market participant is subject to the GTX SEF Rules, which is purportedly conducted subject to the GTX SEF Rules, or which should have been conducted subject to the GTX SEF Rules, including Block Trades.