Follow Us

Follow us on Twitter  Follow us on LinkedIn
 

17 April 2014

SEC proposes rules for security-based swap dealers


The Securities and Exchange Commission (SEC) voted to propose new rules for security-based swap dealers and major security-based swap market participants.

The proposed rules cover recordkeeping, reporting, and notification requirements for security-based swap dealers and major security-based swap participants and would establish additional recordkeeping requirements for broker-dealers to account for their security-based swap activities.

The rulemaking is required by the Dodd-Frank Wall Street Reform and Consumer Protection Act, which authorizes the SEC and other regulators to put in place a comprehensive framework to regulate the over-the-counter swaps and security-based swaps markets.

The SEC will seek public comment on the proposed rules for 60 days following their publication in the Federal Register.

Press release



© SEC


< Next Previous >
Key
 Hover over the blue highlighted text to view the acronym meaning
Hover over these icons for more information



Add new comment