SEC Proposes Form and Manner for SDR Data Reporting

The SEC proposed the form and manner in which security-based swap data repositories ("SDRs") will be required to make security-based swap data available to the SEC under Exchange Act Rule 13n-4(b)(5) ("Duties and Core Principles of Security-Based Swap Data Repository"). The proposed amendment would "require SDRs to make these data available to the SEC according to schemas that will (i) be published on the SEC Web site and (ii) reference international industry standards Financial products Markup Language ("FpML") and Financial Information eXchange Markup Language ("FIXML").

Comments on the proposed amendment must be submitted no later than 60 days after its publication in the Federal Register.