SEC Holds Open Meeting to Propose Rule Related to Standards for Clearing Agencies (with Delta Strategy Group Summary)

The SEC held a public meeting on a proposed rule to enhance the oversight of clearing agencies that are deemed to be systemically important by the Financial Stability Oversight Council ("FSOC") or that are involved in complex transactions, such as security-based swaps ("covered clearing agencies").

Click here for a summary of the open meeting by Delta Strategy Group.

Related news: SEC Proposes Rules for Systemically Important and Security-Based Swap Clearing Agencies (with Lofchie Comment) (March 12, 2014).