The SEC adopted changes to the exemptions for certain clearing agencies and broker-dealer/futures commission merchants concerning the portfolio margining of swaps and security-based swaps that are cleared credit default swaps.
In a newly issued FAQ, the SEC Division of Trading and Markets addressed implementation questions on "regulatory reporting and public dissemination of security-based swap transactions under Regulation SBSR."
An SEC final rule that conditionally exempts certain security-based swap execution facilities and security-based swap dealers from also registering as clearing agencies was published in the Federal Register.
The SEC proposed replacing an exemption for certain clearing agencies and dual registrant broker-dealers concerning the portfolio margining of swaps and security-based swaps that are cleared credit default swaps.
An SEC and CFTC joint proposal to (i) lower the minimum customer margin requirement for security futures and (ii) revise the margin offset table consistent with the proposed reduction was published in the federal register.