SEC Extends SDR Registration Compliance Date
In order to provide a longer review period for two applicants to become registered with the SEC as Swap Data Repositories ("SDRs"), the SEC extended the exemption for SDR Rules previously granted on March 18, 2016. The two applications that are being accommodated were submitted by ICE Trade Vault, LLC and the Depository Trust & Clearing Corporation Data Repository.
The temporary exemption will expire on October 5, 2016, which the SEC noted is 90 days from the publication of notice of the DTCC's SDR application.
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