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Federal Register: SEC Adopts Process for SBS Entities to Apply for Relief for Statutorily Disqualified Personnel

An SEC proposal to establish a process for registered security-based swap ("SBS") dealers and major SBS participants applying for relief from the prohibition in Exchange Act Section 15F(b)(6) on individuals subject to certain statutory disqualification was published in the Federal Register (see here for previous coverage). The final rule will become effective on April 22, 2019.

Primary Sources

  1. Federal Register: SEC Final Rule - Applications by Security-Based Swap Dealers or Major Security-Based Swap Participants for Statutorily Disqualified Associated Persons to Effect or Be Involved in Effecting Security-Based Swaps (84 FR 4906)

Tags

Regulated Products
Swaps / SBS
Jurisdiction
US - Federal
Organization
SEC