The SEC set November 8, 2021 as the "data collection initiation date" marking the end of the "phase-in" period for the de minimis threshold for registration as a security-based swap dealer.
SEC Chair Gary Gensler and CFTC Chair Rostin Behnam highlighted U.S. regulatory initiatives in "new era" for derivatives.
At the SIFMA annual meeting, SEC Chair Gary Gensler highlighted potential areas for reform across the Treasury, non-Treasury fixed income, equity and security-based swaps markets.
The SEC staff provided no-action relief to security-based swap dealers from certain financial reporting requirements.
SEC Chair Gary Gensler addressed current SEC initiatives on security-based swaps, including reporting, clearing, swap execution facilities trading, and substituted compliance.