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...
- FIA Supports House Bill Reauthorizing CFTC
- Piraeus Bank Seamlessly Modernises Core Systems with Quantifi’s Next-Generation Risk, Analytics and Reporting
- AQMetrics Adds MiFID II Readiness Enhancements to RegTech Solution
- Bloomberg Streamlines Collateral Management and Reconciliation for Global Corporations and Investment Firms