The Securities and Exchange Commission has adopted rules that establish procedures for its review of certain clearing agency actions. The rules were required by the Dodd-Frank Wall Street Reform and Consumer Protection Act, which called for a new regulatory framework for trading in over-the-counter derivatives, including swap agreements.
The rules detail how clearing agencies will provide information to the SEC about security-based swaps that the clearing agencies plan to accept for clearing. The information is intended to aid the SEC in determining whether such security-based swaps are required to be cleared.
You Might Also Like...
- Neptune Continues Expansion with Integration into Fidessa's Buy-side OMS Platform
- Quantifi Develops Commodity Credit aCounterparty Risk Management Solution with Leading Global Commodity Firm
- Object Trading Platform Goes Live at TMX Group’s Co-Location Centre for Montréal Exchange Access
- CBOE Holdings Takes Equity Stake In Eris Exchange Holdings And Companies Announce Strategic Product Partnership
- CFTC Issues Final Cross-Border Margin Rule
- Credit Suisse Leader in Global Cleared Derivatives Selects FIS Derivatives Utility
- Clearing Members Analyze the Resolution of Central Counterparties in New White Paper
- SA-CCR - Understanding Implementation Challenges to Create an Effective Adoption Plan