Final Rule: Exemptions for Security-Based Swaps Issues by Certain Clearing Agencies, SEC Release #: 33-9308; 34-66703; 39-2484

77 FR 20536

The SEC is adopting exemptions under the Securities Act, the Exchange Act, and the Trust Indenture Act for certain security-based swaps issued by clearing agencies. The final rules exempt transactions by clearing agencies in such security-based swaps from all provisions of the Securities Act, other than the Section 17(a) anti-fraud provisions, as well as exempt these security-based swaps from Exchange Act registration requirements and from the provisions of the Trust Indenture Act.

Effective Date: April 16, 2012

Cross References: Proposed Rule Release No. 33-9222; Dodd-Frank Title XII, Sec. 763; Exchange Act Rules 12a-10 and 12h-1; Securities Act Rule 239; Trust Indenture Act Rule 4d-11.

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