SEC Schedules Meeting to Vote on Security-Based Swap Rules Relating to Data Repositories and Trade Reporting
The SEC announced an open meeting on January 14, 2015 at 10 a.m., Eastern Standard Time, to consider whether or not to adopt various rules concerning swap regulation.
Specifically, the SEC will consider whether to:
- adopt rules under the Exchange Act that govern the security-based swap data repository ("SDR") registration process, the duties of such repositories, and the core principles applicable to such repositories;
- adopt "Regulation SBSR – Reporting and Dissemination of Security-Based Swap Information" ("Regulation SBSR") under the Exchange Act to provide for the regulatory reporting of security-based swap information and the public dissemination of security-based swap transaction, volume and pricing information by registered SDRs; and
- propose certain new rules, rule amendments and guidance for Regulation SBSR under the Exchange Act to address, among other things, the reporting duties for cleared and platform-executed security-based swap transactions.