MFA Submits Letter to SEC on Sequencing Roadmap for Final Title VII Rules

MFA submitted a comment letter to the SEC in response to its Sequencing Roadmap Policy Statement on the compliance dates for final Title VII rules applicable to security-based swaps. The timetable suggested by the letter illustrates the most significant issues for the MFA in connection with the implementation of Dodd-Frank (e.g., central clearing and straight-through processing). The letter also expresses concern that the SEC's implementation timetable may disadvantage hedge funds as compared with other customers. See also the related letter from the MFA to the European securities authority, which focuses on straight through processing.

View in full here (links externally to MFA website).