At the same time, they kept in mind that "complete harmonization perfect positioning of rules throughout jurisdictions" would be challenging, because of jurisdictions' distinctions in law, policy, markets, execution timing, and legal and regulatory processes. On December 20, 2013 the CFTC supplied info on its swaps guideline "comparability" decisions. The release resolved the CFTC's cross-border compliance exceptions.
Obligatory reporting regulations are being settled in a number of countries, such as Dodd Frank Act in the United States, the European Market Facilities Regulations (EMIR) in Europe, as well as regulations in Hong Kong, Japan, Singapore, Canada, and other nations. The OTC Derivatives Regulators Forum (ODRF), a group of over 40 around the world regulators, provided trade repositories with a set of guidelines concerning information access to regulators, and the Financial Stability Board and CPSS IOSCO also made suggestions in with regard to reporting.